Economics
Globalisation has led to improvement in living conditions
- of all the people
- of people in the developed countries
- of workers in the developing countries
- none of the above
Global & Ind Econ
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Answer
none of the above
Reason — Globalisation has benefited well-off consumers and also producers with skill, education and wealth, many small producers and workers have suffered as a result of the rising competition.
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Related Questions
Fill in the blanks.
Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of …………… . Markets in India are selling goods produced in many other countries. This means there is increasing …………… with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because …………… . While consumers have more choices in the market, the effect of rising …………… and …………… has meant greater …………… among the producers.
Match the following.
Column A Column B (i) MNCs buy at cheap rates from small producers (a) Automobiles (ii) Quotas and taxes on imports are used to regulate trade (b) Garments, footwear, sports items (iii) Indian companies who have invested abroad (c) Call centres (iv) IT has helped in spreading of production of services (d) Tata Motors, Infosys, Ranbaxy (v) Several MNCs have invested in setting up factories in India for production (e) Trade barriers The past two decades of globalisation has seen rapid movements in
- goods, services and people between countries.
- goods, services and investments between countries.
- goods, investments and people between countries.
The most common route for investments by MNCs in countries around the world is to
- set up new factories.
- buy existing local companies.
- form partnerships with local companies.