Economics

Globalisation and the Indian Economy

Question:

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

Answer:

Liberalisation of trade and investment policies helped the globalisation process tremendously. In India during the end of the 20th century, trade barriers were removed and goods could be imported and exported easily and also foreign companies could set up factories and offices here. This enabled MNCs to set up their offices and factories in India.
As MNCs spread their wings to many countries across the globe , rapid integration and interconnection between countries took place. The movement of goods and people between countries increased. The advancement in transport and communication technology added to globalisation.
Thus greater foreign investment and greater foreign trade resulted in the mushrooming of MNCs , which in turn resulted in Globalisation.

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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.

Mention a few negative impacts of globalisation in India.

Q 7.

What are the factors that have enabled globalisation ?

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.