Question

Q. 12. Labours should get justified benefit
of globalization. For this what can be done by
each group :
(1) Government, (2) Export factory,(3) Mul-
tinational companies (4) Labour.​

Answer 1

Explanation:

Domestic political, social and economic arrangements determine how a country negotiates and benefits from globalization.

2. Globalization implies changes through political, social and economic reforms by offering many incentives for developing countries. World Bank, IMF and WTO have played an important role in promoting the globalization minded agenda and developed countries particularly European Union, USA, and Japan determine the rules of the

game. As a results state power has been drastically reduced and developed countries shape political, social and economic decisions for their own benefits. In this sense, developed countries enjoy more benefits than developing countries.