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Class 10 > Learn Class IX-X Tuition > Why a country is tried to globalised his trade all...
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Why a country is tried to globalised his trade all over the world?

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Biology teacher

A country is globalising its trade with other countries to compete with them and ensure good quality to its citizens.
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Dynamic Maths Tutor for jee

from globalization we can exchange our idea
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Modern educated and great intellect

Just to enlarge their progress and development of their nation even for resources which are not available in their nation .
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I am MA+B.Ed In Urdu and S.S.T. & also JRF Qualified

it helps to dominate economically on the world countries
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To improve his standard
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there are two type of economies open and closed, so a country which is dealing with other countries lies in the bracket of open economy, the benefit of being an open economy is, country can make equal BOP and BOT, culture exchange, more better goods and services imports than current and the most imp...
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there are two type of economies open and closed, so a country which is dealing with other countries lies in the bracket of open economy, the benefit of being an open economy is, country can make equal BOP and BOT, culture exchange, more better goods and services imports than current and the most imp increase in GDP and Per capita income, we also must not forget that trade also help a country to build better international relations read less
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home tutor specialization in biology

to get a vast area of buiseness & to increase money value of country
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By globalization a country gets more markets (can sell its goods and services in more places). This helps in earning valuable foreign exchange which is useful for importing goods and services which are not available in its own nation.
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to manage its foreign currency chest
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For an individual country, trade globalization is measured as the proportion of that country's total volume of trade to its Gross Domestic Product (GDP) Globalization=(Imports+Exports)/GDP So,as per the equation globalisation could be attained by increase of trade all over the world
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