Write a note on moving towards globalisation under the following heads-
1.introduction of floating exchange
2.debit crisis
3.China back in market (International)
4.shifting of MNC 5.Rapid economic transformation in developing countries
1.introduction of floating exchange
2.debit crisis
3.China back in market (International)
4.shifting of MNC 5.Rapid economic transformation in developing countries
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Answer:
A floating exchange rate is a regime where the currency price of a nation is set by the forex market based on supply and demand relative to other currencies. This is in contrast to a fixed exchange rate, in which the government entirely or predominantly determines the rate.
debt crisis, a situation in which a country is unable to pay back its government debt. A country can enter into a debt crisis when the tax revenues of its government are less than its expenditures for a prolonged period. Related Topics: public debt. See all related content
Now China is the largest exporter of goods in the world, with 9.6 percent of the global share and an 8.4 percent share of goods and nonfactor services (Figure 2). Source: World Development Indicators. Source: World Development Indicators.
Products and services of MNCs are sold around various countries which require global management. High turnover and many assets, aggressive marketing are some of the features of Multinational Companies. LTI, TCS, Tech Mahindra, Deloitte, Capgemini are some of the examples of MNCs in India.
The aim of economic development is to improve the material standards of living by raising the absolute level of per capita incomes. Raising per capita incomes is also a stated objective of policy of the governments of all developing countries.
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