Globalisation — Syllabus
Telangana Board · Class 10 · Social Studies
Globalisation topics: Meaning of Globalisation, Production Across Countries and the Role, Examples of MNC Expansion, plus 1 more.
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Topics in Globalisation
1. Meaning of Globalisation
- Globalisation is a process of rapid integration or interconnection between countries.
- It is not only about markets; it also includes political and cultural dimensions.
- International economic flows include trade in goods and services, migration of people, and capital investment.
2. Production Across Countries and the Role of MNCs
- Until the middle of the 20th century, production was largely organised within countries.
- Colonies such as India exported raw materials and food grains and imported finished goods.
- An MNC is a company that owns or controls production in more than one nation.
3. Examples of MNC Expansion
- Cargill Foods is a large American MNC.
- It bought over smaller Indian companies such as Parakh Foods.
- Parakh Foods had four edible oil refineries and a large marketing network.
4. Foreign Trade, Liberalisation, and Trade Barriers
- Foreign trade creates an opportunity for producers to reach beyond domestic markets.
- Foreign trade gives buyers more choice than what is produced locally.
- Tax on imports is a type of trade barrier.
Key Concepts
Central concept: Globalisation
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