Globalization of Business 10th Notes KSEEB Social Science
→ ‘Globalization’ is the growing economic interdependence of countries world wide through increasing volume and variety of cross border transactions in goods and services and of international capital flow and also through the more rapid and wide spread diffusion of technology’.
→ The World Trade Organisation’ (WTO) is the only global international organization dealing with the rules of trade between nations.
→ OIL- PRODUCING AND EXPORTING COUNTRIES (OPEC) :
→ Iran, Iraq, Oman, Abu Dhabi etc.,
→ KFC: Kentucky Fried Chicken.