1. Write briefly the history of globalization.
2. Briefly explain the evolution of MNC and its advantages and disadvantages.
3. Explain the trade and traders in south india.
4. Write about the World Trade Organisation
5. Write the challenges of Globalization.
Answers
Answer:
1. Write briefly the history of globalization.
Ans : The first phase began in the sixteenth century with the passing of pre-modern localism, improvements in maritime technology leading to the great age of maritime exploration, discovery and mercantilism, the European Renaissance, centralising tendencies associated with absolute monarchy and the emergence of modern nation
2. Briefly explain the evolution of MNC and its advantages and disadvantages.
Ans : MNCs produce the same quality of goods at lower cost and without transaction cost. They reduce prices and increase the purchasing power of consumers world wide. They are able to take advantage of tax variation. They spur job growth in the local economy
3. Explain the trade and traders in south india.
Ans : Southern Indian trade guilds were formed by merchants in order to organise and expand their trading activities. ... From the 11th century to the 13th century, South Indian trade in Southeast-Asia was dominated by the Cholas; and it replaced the Pallava influence of the previous centuries.
4 . Write about the World Trade Organisation
Ans : The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.
5 . Write the challenges of Globalization.
Ans :
- International Recruiting. ...
- Managing Employee Immigration. ...
- Incurring Tariffs and Export Fees. ...
- Payroll and Compliance Challenges. ...
- Loss of Cultural Identity. ...
- Foreign Worker Exploitation. ...
- Global Expansion Difficulties. ...
- Immigration Challenges and Local Job Loss.