Question

Give the summary of the chapter Globalisation and the indian economy?

Answer 1

$\huge{hello}$

"Globalisation and the indian economy" is a chapter of economics of class 10.
In this chapter we seen the present and the past phase of globalisation.
First we try to understand the meaning of globalisation so this is not a very big thing but it is simply a process of rapid integration of countries.This happens through greater foreign trade and also with greater foreign investment.MNCs are playing a major role in the globalization process .More and more MNCs are looking for locations around the world that are cheap for their production.As a result ,production is being organised in complex ways.
Technology,particularly IT has played a big role in organising production across countries.In addition ,liberalisation of trade and investment has facilitated globalisation by removing barriers to trade and investment.
If we talk about the people who benefited well-off consumers and also producers with skill,education and wealth,many small producers and workers had suffered as a result of rising competition .So fair of globalizsation would create opportunities for all,and also ensure that the benefits of globalisation are shared better.

$\huge{thank \: you}$

Answer 2

Globalization is the free movement of people, goods and services across boundaries. This movement is managed in a unified and integrated manner. Further, it can be seen as a scheme to open the global economy as well as the associated growth in trade (global). Globalization is liberated from international organization such as WTO ( world trade organization). A MNC is a company that owns or controls production in more than one nation. Factors that enabled globalization:
1. Technology
2. Liberalization of foreign trade.

Fair globalization benefit in many ways and ensures goods are shared equally.



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