Chapter: Globalisation and the Indian Economy 1. What do you understand by Globalisation? Globalisation is the rapid integration or interconnection between countries. More goods & services, investments, & technology are being exchanged across borders. People too are moving across countries seeking employment and business opportunities. 2. What is the role of MNC in the Globalisation Process? Multinational Corporations are companies that own or control production in more than one nation. MNCs set up factories for production in regions where they can get cheap labour & resources. They invest large amounts of money in other countries, which is known as Foreign Direct Investment (FDI). MNCs organise production globally by placing orders with small producers & local companies. MNCs bring new technology and production methods to developing countries. They help in connecting local producers to global markets. MNCs promote international trade by selling products w...