Question

write a report/case study on the topic globalisation?
please answer this fast and only of you know the answer dont spam incorrect answers otherwise i will report you.

Answer 1

Answer:

Govt. of India implemented new economic policy in the year 1991 .The essence of New Economic policy is towards creating more competitive environment in economy by improving productivity and efficiency of the system. In the 20 years many opportunities are enjoyed by our economy. With the opportunities there are so many challenges of globalization. . With the bright side there is also a dark side of globalisation. For removing the dark side of globalization, Indian economy has to face the challenges of globalization effectively. Keywords: Globalisation, Economic policy, MIDC

Explanation:

Exploitation of Underdeveloped Countries: Multinational Corporations (MNCs), based in developed countries, purchase at lower rates the raw materials from backward countries, process them in their own countries and sell the manufactured goods with big profit in backward countries. •Increase in Unemployment: The MNCs employ machines to reduce the number of employees: they are capital intensive rather labor. Widening of Rich-poor Gap: Globalisation brings benefits to the rich who are small in number and keeps the vast majority of people in poverty. •Harmful Effects on Small Industries and Small Business: In the free economy, the big fish has got license to eat the small fish. Small-scale and cottage industries cannot grow in competition with big ones. Destruction of Environment: Globalisation would destroy environment. In the name of economic development, environment is getting affected. Challenges of Globalisation 1) To ensure that the benefits of globalisation extend to all countries. 2) To ensure that the benefits of globalisation extend to all parts of the country. 3) To tackle the increased global competition. 4) To protect labor rights, employment practices, an