Question

01: On the basis of your understanding of the essay "The Social Cost of Economic
Globalisation' by Vandana Shiva, write down its significance in the present socio-economic
conditions. for 10 Mark's
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Answer 1

Answer:

The Social Costs of Economic Globalisation

Explanation:

• In 'The Social Costs of Economic Globalisation, Dr. Vandana Shiva' is focusing on the fact that large operations are taking advantage of resources by oppressing the poor and low class.  
• Economic globalization is more beneficial for the first world countries
• It is really dangerous for third world countries due to the universality of tariffs
• Furthermore, the products might lose their national identity and small interpreters will face huge economic crises while large companies will get benefits