How has liberalisation of trade and investment policies helped the globalisation process?

Question:

Answer:

Liberalization of trade and investment policies helps in the globalization process in the following ways, which are as follows :

(i) Liberalization gives opportunities to the industries to expand according to the market. This helps globalization.

(ii) Liberalization of investment helps in setting up new businesses, which is a part of globalization.

(iii) Liberalization of trade means removal of unnecessary trade restrictions due to which import-export between countries has become easier. Globalization has been born out of this process.

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Choose the most appropriate option. (i) The past two decades of globalisation has seen rapid movements in

Match the following. (i) MNCs buy at cheap (a) Automobiles rates from small producers

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“The impact of globalisation has not been uniform.” Explain this statement.

Why do developed countries want developing countries to liberalise their trade and investment? What do you think the developing countries should demand in return?

What are the various ways in which MNCs set up, control or produce in other countries?

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In Chapter 1, we saw what may be development for one may be destructive for others. The setting of SEZs has been opposed by some people in India. Find out who these people are and why they are opposing it.

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Read the passage on the left and answer the questions. Ford Motors, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world.

Chapter 4 NCERT Class 10 Economics SOLUTIONS

Question:

Answer:

More NCERT Questions

Choose the most appropriate option. (i) The past two decades of globalisation has seen rapid movements in

Match the following. (i) MNCs buy at cheap (a) Automobiles rates from small producers

Fill in the blanks. Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ______________.

Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?

Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.

How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.

“The impact of globalisation has not been uniform.” Explain this statement.

Why do developed countries want developing countries to liberalise their trade and investment? What do you think the developing countries should demand in return?

What are the various ways in which MNCs set up, control or produce in other countries?

How would flexibility in labour laws help companies?

What were the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?

What do you understand by globalisation? Explain in your own words.

One of the present debates in India is whether companies should have flexible policies for employment. Based on what you have read in the chapter, summarise the point of view of the employers and workers.

What can be done by each of the following so that the workers can get a fair share of benefits brought by globalisation?

In what ways has competition affected workers, Indian exporters and foreign MNCs in the garment industry?

Recent studies point out that small producers in India need three things to compete better in the market (a) better roads, power, water, raw materials,

Should producers such as Ravi stop production because their cost of production is higher compared to producers in other countries? What do you think?

What are the ways in which Ravi’s small production unit was affected by rising competition?

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Fill in the blanks. WTO was started at the initiative of countries. The aim of the WTO is to __________.