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प्रश्न
Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.
उत्तर
Globalisation will continue in the future. Twenty years from now, the world will be more globally connected and integrated into one international economy, if this process continues on a fair and equitable basis. Trade and capital flows will increase alongside the mobility of labour. This will occur because liberalisation will get augmented and MNCs will converge with other companies producing the same goods.
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संबंधित प्रश्न
"Globalisation has been advantageous to consumers as well as to producers." Support the statement with suitable examples.
Describe the impact of globalization on Indian economy with examples.
"A wide ranging choice of goods are available in the Indian markets." Support the statement with examples in context of globalisation.
Explain the importance of international trade.
Describe the conditions in which markets do not work in a fair manner.
What do you understand by globalisation? Explain in your own words.
How would flexibility in labour laws help companies?
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 |
Answer the following question:
Explain any five effects of globalization.
