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Unit 1 Ch 3 : The Making of a Global World — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 1 Ch 3 : The Making of a Global World5 Marks
Question
Explain the three types of movements or flows within international economic exchange. Find one example of each type of flow which involved India and Indians, and write a short account of it.
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Answer

  1. The flow of trade: The flow of trade refers largely to trade in goods. For example, wheat travelled from Russia, America and Australia to Britain.
  2. The flow of labour: This includes the migration of people in search of employment. For example, more than 50 million people migrated from Europe to America and Australia In search of jobs.
  3. The movement of capital: This covers the movement of capital for short-term or long-term investments over long distances. For example, capital flowed from financial centres such as London to other parts of the world.

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