10th Class Social Science Globalisation Question Bank Short Answer Type - Globalisation and The Indian Economy

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

    Answer:

    Developed countries feel that all barrier;-to foreign trade and investment are harmful for international trade. They want that trade between countries should be 'free' Developed countries like USA, UK have high production capacity and latest technology. They want their surplus produce to sell in other countries and utilise their technology to their optimal use. Therefore they want that developing countries should liberalise their trade and investment.
    Developing countries should demand for fair globalisation which ensures opportunities and benefits for all. Interest of the workers should also be taken care of.
     


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