हिंदी

Overview of Globalisation

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Estimated time: 16 minutes
CBSE: Class 12

Key Points: Globalisation

  • Globalisation means worldwide interconnectedness.
  • Services, goods, capital, ideas and people move across borders.
  • Globalisation of services without physical contact.
  • Globalisation of commodities and markets.
  • Globalisation creates new opportunities but also conflicts.
  • Globalisation can have negative consequences.
  • Globalisation is multidimensional.
CBSE: Class 12

Key Points: Causes of Globalisation

  • Globalisation is driven by flows.
  • Scale and speed make modern globalisation unique.
  • Technology is the most important cause.
  • Technological advances enable faster movement.
  • Global events have worldwide impact. 
CBSE: Class 12

Key Points: Political Consequences

  • Globalisation affects state sovereignty.
  • Erosion of state capacity.
  • Shift from welfare state to minimalist state.
  • State remains politically important.
  • Technology can increase state power. 
CBSE: Class 12

Key Points: Economic Consequences

  • Economic globalisation shapes global debates.
  • Role of international institutions.
  • Increased global economic flows.
  • Reduction of trade and investment restrictions.
  • Uneven movement of people.
  • Unequal distribution of benefits.
  • Debate and criticism of globalisation.
  • Growing interdependence.
CBSE: Class 12

Key Points: Cultural Consequences

  • Globalisation affects everyday life and thinking.
  • Cultural homogenisation.
  • Cultural imperialism / soft power.
  • Threat to local cultures.
  • Cultural influence is not always negative.
  • Cultural heterogenisation.
CBSE: Class 12

Key Points: India and Globalisation

  • Globalisation in India has historical roots.
  • Colonial period shaped India’s economy.
  • Post-independence protectionist policies.
  • Limits of protectionism.
  • Economic reforms of 1991.
CBSE: Class 12

Key Points: Resistance to Globalisation

  • Globalisation is widely criticised.
  • Weakening of the state.
  • Political, economic and cultural concerns.
  • Opposition to neo-liberal globalisation, not globalisation itself.
  • Global resistance movements .
CBSE: Class 12

Key Points: India and Resistance to Globalisation

  • Resistance in India has multiple forms.
  • Role of social movements.
  • Left-wing opposition to economic liberalisation.
  • Protests against corporate control.
  • Right-wing cultural resistance.
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