Social Science (087) — AI-generated practice question

No, I do not agree with this statement. Foreign trade and globalisation are related but distinct concepts.

Foreign trade refers to the exchange of goods and services between countries. It connects markets across countries, allowing producers to sell beyond domestic markets and buyers to access imported goods.

Globalisation, however, is a broader process of rapid integration and interconnection between countries. It includes not just foreign trade but also foreign investment, movement of technology, and services across countries. MNCs play a major role in this process.

Thus, foreign trade is one channel of globalisation, not globalisation itself.

Source: Chapter 4 — Foreign Trade and Integration of Markets; What is Globalisation?

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• The key distinction examiners expect: foreign trade = exchange of goods/services; globalisation = broader integration including trade, investment, technology, and services.
• Avoid saying they are "the same" — the textbook explicitly states foreign trade is one component/channel of globalisation.
• Mentioning MNCs and their role earns extra credit in context.
• For 3 marks: one clear disagreement statement + define foreign trade + define/expand globalisation = full marks.