“Only fair globalisation can give new shape to the world economy.” Elucidate?

+1 vote
29 views
asked Mar 15, 2018 in Social Science by paayal (26,720 points) 4 6 53

“Only fair globalisation can give new shape to the world economy.” Elucidate.

1 Answer

0 votes
answered Mar 15, 2018 by sanjaydas (61,430 points) 5 7 7
selected Mar 15, 2018 by faiz
 
Best answer

(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.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

One Thought Forever

“There is a close connection between getting up in the world and getting up in the morning.“
– Anon
~~~*****~~~

...