What is Globalization? Highlight Any Three Causes of Globalization. - Political Science

Advertisements
Advertisements

What is globalization? Highlight any three causes of globalization.

Advertisements

Solution

Globalisation means linking the economy of the country with the economics of other countries by trade and free mobility of capital and labour. In the process of globalisation, countries become interdependent and the distance between people shortens.
Causes of globalisation:
i. Improved transport has made global travel easier. For example, there has been a rapid growth in air travel, enabling greater movement of people and goods across the globe.
ii. Improved technology which makes it easier to communicate and shareinformation around the world. Example: The Internet
iii. Growth of multinational companies with a global presence in many different economies.
iv. Reduced tariff barriers for global trade have been made possible by the WTO.

Concept: Globalisation
  Is there an error in this question or solution?
2013-2014 (March) All India Set 1

RELATED QUESTIONS

Assess any three basis on which globalisation is being resisted in India.


Mention any two benefits of globalisation.


"Globalisation has shifted power from nation-states to global consumers." Justify the statement.


Define globalisation. How is it different from internationalisation?


Which of the statements are TRUE about globalisation?


Which of the statements are TRUE about the impact of globalisation?

  1. Globalisation has been uneven in its impact on states and societies.
  2. Globalisation has had a uniform impact on all states and societies.
  3. The impact of globalisation has been confined to the political sphere.
  4. Globalisation inevitably results in cultural homogeneity.

Which of the statements are ‘True’ about causes of globalisation?

  1. Technology is an important cause of globalisation.
  2. Globalisation is caused by a particular community of people.
  3. Globalisation originated in the US.
  4. Economic interdependence alone causes globalisation.

Which of the statements are TRUE about globalisation?

  1. Globalisation is only about movement of commodities.
  2. Globalisation does not involve a conflict of values.
  3. Services are an insignificant part of globalisation.
  4. Globalisation is about worldwide interconnectedness.

What is worldwide interconnectedness? What are its components?


How has globalisation impacted on India and how is India in turn impacting on globalisation?


Why is it necessary to become a member of WTO?


Distinguish between the following

Bilateral and Multi-lateral trade


Distinguish between the following

Tariff and Non-tariff barriers.


Why are tariffs imposed?


India has certain advantages which make it a favourite outsourcing destination. What are these advantages?


How many countries are the members of WTO?


When was WTO established?


Where is the headquarters of WTO located?


Read the following statements carefully and choose the correct alternatives given below:

Statement 1 - India is often called the ‘outsourcing hub’ of the world.

Statement 2 - Availability of skilled manpower is one of the prime factors responsible for the status gained by India at the international platform.


In the 2006-07 Budget, the peak rate of custom duty was brought down to ______.


Which of the statements are true about the impact of globalisation?


Organisation which does not facilitable the process of globalization ______.


What is the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs)?


With the globalisation of markets, the tastes and preferences of consumers worldwide are ______.


The other name of World Bank is ______.


In 1986-87, the overall fiscal deficit of India touched an all time high of ______.


Which of the following points indicates that it is necessary to become the become a member of WTO? 


Which of the following points suggest that outsourcing is good for India?


Why developed countries oppose outsourcing?


Which of the following points qualifies India to be the favorite spot for outsourcing by various MNCs.?


The IBRD, known as the World Bank, came into force on ______?


Where is the headquarter of IBRD? 


Presently, How many members are there of World Bank?


Global Burdeno (Disease(GBD) is ______


What do we mean when we say "think globally, act locally" in relation to environmental problems?


______ factors are living or once-living organisms in the ecosystem? 


Arrange the following in correct sequence.

  1. South Asian Free Trade Agreement came into force.
  2. IPKF operation in Sri Lanka.
  3. India and Bangladesh signed Farakka Treaty.
  4. India's nuclear test in Pokhran.

Choose the correct option that has significantly contributed to the process of Globalisation.


Which of the following are the political manifestations of the globalisation?


Consider the following statement(s) that have contributed to the process of globalisation. Choose the correct statement(s).


Globalization has improved the living structure of ______


What is/are component/s of worldwide interconnectedness?


Which statements are 'true' about globalization?

  1. Globalization is only about the movement of commodities.
  2. Globalization does not involve a conflict of values.
  3. Services are an insignificant part of globalization.
  4. Globalization is about worldwide interconnectedness.

Consider the following statement(s) that have contributed to the process of globalisation. Choose the correct statement (s)


Consider the following statement (s) about the negative impact of Globalization.


What is the integration between countries through Foreign trade and Foreign Investments by Multi-national Corporations?


Evaluate any three benefits of globalization.


Analyse that globalisation is about worldwide inter-connectedness.


Which of the following statements is true about globalisation?


Read the passage given below carefully and answer the questions that follow: 

Globalisation as a concept fundamentally deals with flows. These flows could be of various kinds - ideas moving from one part of the world to another, capital shunted between two or more places, commodities being traded across borders and people moving in search of better livelihoods to different parts of the world. The crucial element is the ‘worldwide interconnectedness’ that is created and sustained as a consequence of these constant flows.
  1. ‘Worldwide interconnectedness’ is also known as ______.
    1. Globalisation
    2. Liberalisation
    3. Socialisation
    4. Privatisation
  2. Dimensions of globalisation are ______.
    1. political, social and spiritual
    2. social, economic and geographical
    3. political, economic and environmental
    4. political, social and economic
  3. Which among the following increases economic activities?
    1. Decline in employment
    2. Increase m the index of poverty
    3. Strong global economic growth
    4. Great decline in the trade
  4. Which one of the following is an impact of globalisation?
    1. The power of the states has increased.
    2. New trade barriers have been imposed.
    3. Choice of the customer has increased.
    4. It has given a boost to local industries.

Read the following text carefully and answer the given questions on the basis of the same and common understanding:

India urged the World Trade Organisation (WTO) to relax rules to allow the country to export food grains from its public stocks to the nations facing food crises. India can help, reduce food insecurity but there is hesitation on the part of the WTO, in relaxing its rules. India's Finance Minister said food, fuel and fertilizers are global public goods and ensuring access of these for developing and emerging economies is critical. She also shared India's experiences, including robust gains in agriculture production, citizen-centric, food security programmes and innovative delivery ‘mechanisms such as the 'One Nation one Ration Card’ Scheme.
  1. State and discuss any two objectives of World Trade Organisation.
  2. Name any two steps taken by India to strengthen food security.

Share
Notifications



      Forgot password?
Use app×