Globalisation and the Indian Economy

1.
What do you understand by globalisation? Explain in your own words.
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Answer:
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Globalisation means integrating the economy of a country wit...
2.
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
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Answer:
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The Indian government had put barriers to foreign trade and ...
3.
How would flexibility in labour laws help companies?
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Flexibility in labour laws will help companies in being comp...
4.
What are the various ways in which MNCs set up, or control, production in other countries?
5.
Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?
6.
“The impact of globalisation has not been uniform.” Explain this statement.

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