How can be benefits of globalisation be shared better?Explain
Answers
The benefits of Globalisation can be shared better in the following ways:
(i) The government policy must protect the interest, not only of the rich and the powerful, but of all the people in the country.
(ii) The government can ensure that labour laws are properly implemented and workers get their rights.
(iii) It can support small producers to improve their performance till they become strong enough to compete.
(iv) It can use trade and investment barriers.
(v) It can negotiate at the WTO for ‘fairer rules’
Answer:
Globalization exists in the spread of products, technology, information, and jobs across nationwide boundaries and cultures. In economic terms, it represents an interdependence of nations around the globe enabled through free trade.
Explanation:
The benefits of Globalisation can be conveyed better in the following methods:
- The government policy must cover the interest, not only of the rich and the powerful but of all the individuals in the country.
- The government can secure that labor laws are properly implemented and employees get their privileges.
- It can help small producers to improve their performance till they become powerful enough to compete.
- It can utilize trade and investment barriers.
- It can negotiate at the WTO for ‘fairer rules’.
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