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________ is the outcome of globalisation. ( Fill in the blank with correct alternative)
Privatisation
Liberalisation
Outsourcing
None of the above
- Outsourcing: Globalization has facilitated the practice of outsourcing, where companies shift certain services or production functions to overseas locations to reduce costs or improve efficiency. This is a direct outcome of globalization as it relies on interconnected global operations.
- Privatisation: This involves transferring ownership of a business or service from the public sector to private individuals or organizations. While it can be influenced by global trends, it isn't a direct result of globalization.
- Liberalisation: This refers to reducing government restrictions and barriers to trade and investment. It often accompanies globalization to enable more seamless international business operations but isn't an outcome of it.
- None of the above: Since outsourcing is a direct outcome of globalization, this option does not apply.
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