Question

Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.

Answer 1

If we think about it, after 15 to 20 years the world will face a positive change that could be composed of few attributes.

Explanation:

• There will be a healthy comparison in the world along with the efficient production of products and resources.

• There will be a better output of inputs and employment along with better income.

• The living standards will improve as well along with technology and information.

• The reasons will be the availability of resources in quantity and quality.

• The entrepreneurship will increase as well.

Answer 2

Explanation:

After twenty years, the world would undergo a positive change which will possess the following features— healthy competition, improved productive efficiency, increased volume of output, income and employment, better living standards, greater availability of information and modern technology.

Reason for the views given above : These are the favorable factors for globalisation :

Availability of human resources both quantity wise and quality wise.

Broad resource and industrial base of major countries.

Growing entrepreneurship

Growing domestic market.