How can the government ensure that globalisation is fair and its benefits are shared in a better way by alI ??
Answers
There are different ways through which government can ensure fair globalization . These ways needs serious attentions.
Government should make the policies which must protect the interests of all people throughout the country .
Labour laws implement can also be helpful in this regard as the workers get their basic rights.
All the barriers to the investment should be removed and more trade can be ensured.
One of the best way is to support the small business units or producers to enhance their performance so that they can be able to compete in the major market.
a. Government’s policies must protect the interests, not only of the rich and the
powerful, but all the people in the country. It should ensure that the labour laws
are properly implemented and the workers get their rights.
b. It can support small producers to improve their performance till the time they
become strong enough to compete. If necessary, the government can use trade
and investment barriers.
c. It can negotiate at the WTO for ‘fairer rules’. It can also align with other
developing countries with similar interests to fight against the domination of
developed countries in the WTO.