Differentiate between a ˜permanent worker ' and a ˜temporary worker'.
A ˜permanent worker' is entitled to health insurance, provident fund, overtime at a double rate. The permanent worker is also eligible for paid leave and has fixed working hours. Whereas a ˜ temporary worker' earns less than a permanent worker . He does not enjoy any of the benefits a permanent worker is entitled for. A day off from work means no wage and there are no fixed timings of work. The temporary worker can be dismissed from work any time.
What are the various ways in which MNCs set up, or control, production in other countries?
How has liberalisation of trade and investment policies helped the globalisation process?
What was the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?
How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.