Question

Choose the most appropriate option. Globalisation has led to improvement in living conditions
A) Of all the people
B) Of people in developed countries
C) Of workers in the developing countries
D) None of the above

Answer 1

Hint: Owing to the vastly increased trade and cultural interchange, the world is becoming increasingly interconnected. As a result of globalisation, the production of goods and services has increased. The most powerful firms are transnational conglomerates with subsidiaries in multiple countries, rather than national businesses.

Complete answer:
Globalisation is the process of economies, industries, markets, cultures, and policymaking becoming more integrated on a global scale. National and regional economies, civilizations, and cultures have become increasingly entangled as a result of the global network of trade, communication, immigration, and transportation. Globalisation has a different influence on people in developed and developing countries. Thus, it can be inferred that the correct option is: None of the above.

- Fair globalisation means that the benefits of globalisation are more evenly distributed and that everyone has better opportunities. Globalisation, on the other hand, has not benefited everyone.
- People with higher skills, wealth, and education made the best of the new opportunities created by globalisation.
- However, there are many people who have not benefited from such programmes.
- Governments may play a significant role in ensuring that globalisation has a uniform impact.
- Governments of underdeveloped nations can work together at the WTO to counteract the dominance of developed countries.
- Governments can negotiate with the WTO for equitable norms and even employ investment and trade barriers to achieve them.
- Globalisation has a different influence on people in developed and developing countries.

Therefore the correct answer is option ‘D’.

Note: People may become more conscious of global challenges such as deforestation and global warming as a result of globalisation, and they may be more aware of the need for sustainable development.