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प्रश्न
"Globalisation has been advantageous to consumers as well as to producers." Support the statement with suitable examples.
उत्तर
Globalisation has benefitted the producers and the consumers in the following ways:
i) Globalisation has led to an intense increase in industrial competition. As a result, producers are falling over each other to provide better and cheaper services to the consumers. This has also resulted in reduction in the prices.
ii) With the initiation of globalisation, producers now have relatively free access to international markets. Also, they can now avail more easily of the credit facilities forwarded in terms of capital and technology.
iii) This is illustrated by the example of the electronic goods and garments industry. The process of globalisation has benefitted both the producers and consumers in these fields.
संबंधित प्रश्न
Describe the role of Multinational Corporations (MNCs) in promoting globalisation process.
Explain the importance of international trade.
How has information and communication technology stimulated the globalisation process? Explain with examples.
What do you understand by globalisation? Explain in your own words.
How would flexibility in labour laws help companies?
Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?
Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ______________. Markets in India are selling goods produced in many other countries. This means there is increasing ______________ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because _____________. While consumers have more choices in the market, the effect of rising _______________ and _____________ has meant greater _______________ among the producers.
Match the following.
|
(i) |
MNCs buy at cheap rates from small producers |
(a) |
Automobiles |
|
(ii) |
Quotas and taxes on imports are used to regulate trade |
(b) |
Garments, footwear, sports items |
|
(iii) |
Indian companies who have invested abroad |
(c) |
Call centres |
|
(iv) |
IT has helped in spreading of production of services |
(d) |
Tata Motors, Infosys, Ranbaxy |
|
(v) |
Several MNCs have invested in setting up factories in India for production |
(e) |
Trade barriers |
The most common route for investments by MNCs in countries around the world is to
Answer the following question:
Explain any five effects of globalization.
