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GLOBALISATION
What is globalisation in the context of the world economy?
Globalisation refers to the process of integration and interaction among countries through the exchange of goods, services, capital, technology, and information, leading to increased economic interdependence across nations.
What is the concept of 'Brain Drain' associated with globalisation?
Emigration of skilled professionals to developed countries for better opportunities.
Which international body is most associated with promoting free trade and globalisation?
The World Trade Organization (WTO), established in 1995, is the primary international body responsible for regulating and promoting free international trade among member nations.
What is the UNCTAD and its relevance to developing countries in globalisation?
UN body promoting trade and development interests of developing nations globally.
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