Question

 

Define globalization? Discuss new international division of labour.

30 May 2025
Answer :
Word Count : 538
Globalization refers to the increasing interconnectedness and interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. It has transformed national economies into parts of a global economic system, enabling the movement of capital, labor, and production across borders. For women in the economy, globalization has created both opportunities and challenges, especially in terms of employment, access to resources, and integration into global labor markets. One of the key economic aspects of globalization is the new international division of labour (NIDL). The NIDL refers to the spatial reorganization of production, in which manufacturing and production processes are relocated from developed countries to developing ones, often in search of lower labor costs. This shift has led to the emergence of __________ _____ ____ ________ ___ _______ _____ ________ __________ ____ ________.
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