Question

Express your opinion.

Globalisation is described as neo-colonialism. Discuss

Answer 1

1. The competition between multinational companies and Indian companies is uneven.
2. Consequently, a significant number of mergers and acquisitions are occurring.
3.  Seizing the opportunity presented by the opening of the Indian economy, food chains like McDonald's dominate the Indian market.
4. The national resources of India are exploited by multinational and transnational corporations.
5. Overall, India is perceived as a loser and a vassal of neo-imperialist forces.