Explain any four economic consequences of globalisation.
OUTSIDE DELHI - SET 2 2017
Download our app for free and get started
The economic consequences of globalisation:
- Globalisation has led to similar economic policies adopted by governments in different parts of the world that has generated vastly different outcomes in different parts of the world.
- It has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries has also been reduced.
- of internet Globalisation has led to the flow of ideas across national boundaries; spreadand computer related services is an example.
- Economic globalisation has created an intense division of opinion all over the world. Socialist concern is likely to benefit only a small section impoverishing jobless people.populationof while
- Globalisation generates greater economic growth and well being for larger sections of the population when there is deregulation. Greater trade among countries allows each economy to do what it does best.
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1View SolutionDescribe various aspects of human security as well as global security.
- 2View SolutionDescribe any two important components of India's security strategy.
- 3View SolutionDescribe any three broad components of India’s security strategy.
- 4View SolutionHow do per capita income and population growth affect the economic disparity in the world? Suggest any two ways to reduce economic disparitybetween the poor and the rich at the global level.
- 5View SolutionWhat is meant by traditional notion of external security? Describe any two components of this type of security.
- 6View SolutionWhat is meant by global poverty? Suggest any two ways to reduce disparity between the poor and the rich at the global level.
- 7View SolutionWhat is meant by traditional notion of internal and external security?
- 8View SolutionWhat is meant by traditional notion of external security? Describe any two components of this type of security.
- 9View SolutionHow are the threats faced by the people in the Third World different from those faced by the people living in the First World? Support your answer with examples.
- 10View SolutionWhat is meant by alliance building as a component of traditional security policy? State its advantages.