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Globalisation and Social Change
Explain the economic policy of liberalization.
Economic policy of liberalization:
1. The term liberalization refers to an arrangement of policy decisions that the Indian state took since 1991 to open up the Indian economy to the world market.
2. This marked a break with an earlier stated policy of the government to have a greater control over the economy, in order to protect Indian industry and to develop the economy.
3. Liberalization of economy meant the steady removal of rules that regulated Indian trade and finance which was described as economic reforms; this allowed more freedom to private industry.
4. It would bring about greater integration in a global market, involve taking loans from an institution like IMF.
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Write the names of three popular cities of different countries known for advancement of Information technology.
Write the names of three Indian cities popular for advancement of information technology.
Where does the largest number of poor people of the world live? Write the names of three countries of that region at stated by ILO report (International Labour Organisation).
“Impact of globalisation is of great social importance but its impact is different upon different sections of the society”. Explain this statement in about 100 words.
“Globalisation is not a new phenomena in a real sense for India”. Discuss. Give some examples also.
How can you point out that colonialism in India did not create hindrances in the progress process of global connection?
How can you prove that independent India retained a global outlook? Discuss very briefly.
Make a list products that you either use or have seen in the market or seen advertised which are produced by transnational corporations. You can make a list of products such as:
Shoes
Cameras
Computers
Television
Cars
Music Systems
Cosmetics like soaps or shampoos
clothes
Processed Food
Tea
Coffee
Milk Powder
Choose any point that is of interest to you and discuss how you think globalisation has affected it. You could choose cinema work, marriage or any other topic.
What are distinctive features of a globalised economy? Discuss.
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