The World since 1991
Key Concepts and Issues since 1991: Globalisation
Key Concepts and Issues since 1991: Humanitarian Issues
Contemporary India: Challenges to Peace, Stability and National Integration
Contemporary India: Good Governance
India and the World
Globalisation Issue since 1991:
Globalisation increased interconnectedness among countries and people and events in one part of the world have an impact on other parts. There are various ways of looking at this change. One argument is that while interconnectedness has increased, the importance of the state structure has not declined. In fact, the concept of nationalism is still very much alive. Some feel that economics and technology are key factors that have brought the world together. They argue that the concept of sovereignty and jurisdiction of states is now being challenged. There are others who give importance to the civil society and non-state actors. According to them social movements cut across state boundaries and focus on humanitarian problems of the people.
State whether the following statement is true or false with reason.
Globalisation brought in the concept of the market economy
Some of the important changes that occurred in the economic sphere in the age of globalisation are:
(i) Free flow of finance capital
(ii) Creation of GATT
(iii) Rise of Transnational Companies
(iv) Focus on intellectual Property rights