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

  • question_answer
    What is globalisation? Mention two main shortcomings of globalisation in the context of India.                  [Foreign 2005]


    Globalisation means that various economies of the world move in a manner that leads to emergence of well integrated and cohesive global economy.
    Shortcomings of globalisation
    (a) Small manufacturers producing toys vegetable oils etc. have been hit hard due to competition.
    (b) In order to cut costs of the products employers in exports industry try to cut labour cost. Workers job is no longer secure.

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