Economics

Globalisation and the Indian Economy

Question:

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

Answer:

Globalisation is the rapid integration or interconnection between countries mostly on the economic plane. In other words, Globalisation means integrating our economy with the world economy.

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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.