Question

3 points how government make a fair globalisation

Answer 1

Fair globalisation means that the benefits of the globalisation must be shared by all equally.

For fair globalisation, government can have a great role: 1. It can support those producers who are very small and cannot compete with them. 2. They can also check labour laws. 3. If very necessary, government can still use some trade barrier for protection of some small producers. 4. It with other developing countries can negotiate with the WTO for fair globalisation.

Answer 2

(a) Globalisation means unification on integration of the domestic economy with the world economy through trade, capital and technology flows. Government can ensure fair globalisation to its people by
(i) ensuring that the labour laws of the country are followed so that workers are not exploited.
(ii) supporting small producers to improve their performance so that they remain viable in the face of competition from
(iii) rules aligning with other developing countries for better trade terms. MNCs,
(iv) negotiating with WTO for fairer
(b) Form the above questions I have learnt, the values of fairness, equality and cooperation.