Economics

Globalisation and the Indian Economy

Question:

Mention a few negative impacts of globalisation in India.

Answer:

There has also been a negative impact of globalisation in India. Globalisation has posed major challenges to a large number of small producers.
Globalisation which resulted from liberalisation of Foreign Trade policies allowed the import of electronic goods at a very cheap cost. Local producers of electronic goods were not able to meet with this challenge. MNCs flooded the market with quality products at a cheap price. Local producer were not able to compete with this and were put to hardship as their goods do not have a market.
Another negative factor to globalisation is the lower wages that are given to labourers. In order to compete in the world market, exporters try and cut labour costs and workers are denied their fair share of benefits as manufacturers are always on the look out for cheaper labour .

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Globalisation and the Indian Economy

Q 1.

How would flexibility in labour laws help companies?

Q 2.

Write a short note on WTO.

Q 3.

What are the positive impacts of globalisation in India ?

Q 4.

What are the positive impacts of globalisation in India?

Q 5.

What are the various ways in which MNCs set up, or control, production in other countries?

Q 6.

What are the factors that have enabled globalisation ?

Q 7.

Mention a few negative impacts of globalisation in India.

Q 8.

Differentiate between a ˜permanent worker ' and a ˜temporary worker'.

Q 9.

Mention a few negative impacts of globalisation in India.

Q 10.

How has liberalisation of trade and investment policies helped the globalisation process?

Q 11.

What do you understand by globalisation? Explain in your own words.

Q 12.

Write a short note on MNCs with an example.

Q 13.

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?

Q 14.

“The impact of globalisation has not been uniform.” Explain this statement.

Q 15.

What are the factors that have enabled globalisation?

Q 16.

IT in globalisation  Discuss.

Q 17.

Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?

Q 18.

What is meant by interlinking production across countries?

Q 19.

IT in globalisation “ Discuss.

Q 20.

How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.