"Only fair Globalization can give new shape to the world economy." Explain.
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Globalisation is not proving to be a fair deal. Fair globalisation would create opportunities for all and also ensure that benefits of globalisation are shared better
☆ Rapid improvements in IT and communication technology has been one major factor that has stimulated the globalisation process.
☆ 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.
☆ Rapid improvements in IT and communication technology has been one major factor that has stimulated the globalisation process.
☆ 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.
Answered by
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(i) Fair globalisation would create opportunities for all, and also ensure that the benefits of globalisation are shared better.
(ii) The government can play a major role in making this possible.
(iii) Government can ensure that labour laws are properly implemented and the workers get their rights.
(iv) It can support small producers to improve their performance till the time they become strong enough to compete.
(v) It can negotiate with WTO for fairer rules.
(vi) It can also align with other developing countries with similar interests to fight against the domination of developed countries in WTO.
(vii) If necessary, the government can use trade and investment barriers.
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