Liberisation,by removing barriers to trade and investment, has opened the
economies to the forces of globalisation.
the benifits of globalisation have been unevenly disturbed. it has benified
well- off consumersand as well as producers with skill, education and huge amount
of wealth services that are enabled with technology have expanded. on the other
hand,thousands of small producers and workers have seen their employment and
workers'rights erode. it is important to understand the two- sided nature of
globalisation.
the other dimensionsof inequality, which we saw is in the dominatinating
influence of ther rich countries on matters of policy. be it policies on
international economic exchange-trade, investment, migration - or domestic matters,
rich western countries have an undue influence over the rest of the world.
international organisations like WTO, WBand the IMF represent the interests of the
developed country far more than that of the developing world. thus while the
supporters of globalisation as an opportunity for growth and prosperity, its critics
point out that it is another attempt by some countries - read the west- to dominate
the world. they argue that it harms democracy, workers rights, and the environment
in many of the poorer countries.
MNCs
Nation state
Technology
Foregin investment
Foreign trade Liberalisation
1.what were the reasons for putting barriers to foreign investment by the Indian
government? why did it wish to remove these barriers?
2.how would flexibility in labour laws helps companies?
3.what are the various ways in which MNCs set up are controll production in other
countries?
4.why do developed countries went developing countries to liberalise their trade
and investment? what do you think should the devloping countries demand in return?
5."the impact of globalisation has not been uniform".explain this statement.?
6.how has libralisation of trade and investment policies helped the process of
globalisation?
7.globalisation will continue in the future. can you imagine that the world would
be like 20 years from now? give reasons for your answer.
8.locate the following in the map of world.
i) china ii) japan iii) Brazil iv) south africa