(b) goods, services and investments between countries. For more answers visit to website: https://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
(b) goods, services and investments between countries.
Benefits of globalisation of India are as follows: •Increase in the production resulting in higher volume of trade in goods and services • Improvement in the flow of private and foreign capital. • Increase the volume of output, income, and employment with better export orientation. • More number ofRead more
Benefits of globalisation of India are as follows:
•Increase in the production resulting in higher volume of trade in goods and services
• Improvement in the flow of private and foreign capital.
• Increase the volume of output, income, and employment with better export orientation.
• More number of foreign direct investments and more investment opportunities.
• Helps in developing and strengthening the domestic economy of India.
• Healthy competition among traders and boost to the economic development.
Negative Impact/Fears of Globalisation on Indian economy:
• It may be short termed and may not help in achieving constant growth required for sustainable development.
• It may widen the gap of income inequalities among people of the country.
• It operates mostly in the interest of rich countries and these countries dominate the world trade.
• It may increase the dependence of the underdeveloped countries on developed country for production of goods which has adverse effect on local economies.
Whatever may be the fears of globalisation, I feel that it has now become a process which is catching the fancy of more and more nations. Therefore, we must become ready to accept globalisation with grace and also maximize economic gains from the world market.
Twenty years down the line the world would undergo a positive change which will possess the following features— healthy competition, improved production efficiency, increased volume of output, income, and employment, better living standards, greater availability of information and modern technology.Read more
Twenty years down the line the world would undergo a positive change which will possess the following features— healthy competition, improved production efficiency, increased volume of output, income, and employment, better living standards, greater availability of information and modern technology.
These are the favourable factors for globalisation:
• Availability of human resources both quantity wise and quality wise will increase.
• Broad resource and industrial base of major countries.
• Expansion of entrepreneurship.
• Expansion of domestic market.
• Expanding internal markets
• Economic liberalisations.
• Growing competition.
Globalisation has led to improvement in living conditions
(b) of people in the developed countries. For more answers visit to website: https://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
(b) of people in the developed countries.
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The most common route for investments by MNCs in countries around the world is to
(b) buy existing local companies. For more answers visit to website: https://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
(b) buy existing local companies.
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The past two decades of globalisation has seen rapid movements in
(b) goods, services and investments between countries. For more answers visit to website: https://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
(b) goods, services and investments between countries.
For more answers visit to website:
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Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?
Benefits of globalisation of India are as follows: •Increase in the production resulting in higher volume of trade in goods and services • Improvement in the flow of private and foreign capital. • Increase the volume of output, income, and employment with better export orientation. • More number ofRead more
Benefits of globalisation of India are as follows:
•Increase in the production resulting in higher volume of trade in goods and services
• Improvement in the flow of private and foreign capital.
• Increase the volume of output, income, and employment with better export orientation.
• More number of foreign direct investments and more investment opportunities.
• Helps in developing and strengthening the domestic economy of India.
• Healthy competition among traders and boost to the economic development.
Negative Impact/Fears of Globalisation on Indian economy:
• It may be short termed and may not help in achieving constant growth required for sustainable development.
• It may widen the gap of income inequalities among people of the country.
• It operates mostly in the interest of rich countries and these countries dominate the world trade.
• It may increase the dependence of the underdeveloped countries on developed country for production of goods which has adverse effect on local economies.
Whatever may be the fears of globalisation, I feel that it has now become a process which is catching the fancy of more and more nations. Therefore, we must become ready to accept globalisation with grace and also maximize economic gains from the world market.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.
Twenty years down the line the world would undergo a positive change which will possess the following features— healthy competition, improved production efficiency, increased volume of output, income, and employment, better living standards, greater availability of information and modern technology.Read more
Twenty years down the line the world would undergo a positive change which will possess the following features— healthy competition, improved production efficiency, increased volume of output, income, and employment, better living standards, greater availability of information and modern technology.
These are the favourable factors for globalisation:
• Availability of human resources both quantity wise and quality wise will increase.
• Broad resource and industrial base of major countries.
• Expansion of entrepreneurship.
• Expansion of domestic market.
• Expanding internal markets
• Economic liberalisations.
• Growing competition.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/