________ means the integration of the various economics of the world leading towards the emergence of a choesive global economy.

Globalisation

The correct answer is option (3) : Globalisation

The term that means the integration of the various economies of the world leading towards the emergence of a cohesive global economy is:

(3) Globalisation

Globalization refers to the process of increased interconnectedness and interdependence of economies, cultures, and societies on a global scale. It involves the flow of goods, services, information, technology, and people across national borders, leading to a more unified and interconnected global economy.

1. Privatisation - Privatisation is the process of transferring ownership and control of government-owned or state-owned enterprises to the private sector. It involves selling off public assets, such as companies, infrastructure, or services, to private individuals or organizations. The goal is often to promote efficiency, competition, and reduce the role of government in the economy.

2. Industrialisation - Industrialization refers to the process by which an economy transforms from primarily agrarian or rural-based to one dominated by manufacturing and industry. It involves the growth and development of industries, factories, and the expansion of the manufacturing sector. Industrialization is typically associated with economic growth and urbanization.

4. Liberalisation - Liberalization is the process of reducing government regulations and restrictions in various sectors of the economy. It aims to promote free market principles, competition, and increased economic freedom. Liberalization can involve reducing trade barriers, deregulating industries, and opening up markets to foreign investment and competition.

White these terms are all related to economic and social changes, they have distinct meanings and implications in the context of economic and political policies. Globalization, in particular focuses on the increased interconnectedness of the world's economies and cultures, while the other terms have specific economic and political objectives.