After twenty years, world would undergo a positive change which will
possess the following features— healthy competition, improved productive
efficiency, increased volume of output, income and employment, better
living standards, greater availability of information and modern
Reason for the views given above : These are the favourable factors for globalisation :
→ Availability of human resources both quantitywise and qualitywise.
→ Broad resource and industrial base of major countries.
→ Growing entrepreneurship
→ Growing domestic market.
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