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Globalisation and Social Change
Question
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What are the main arguments made for and against liberalization?

Answer

Arguments for:

  1. The policy of liberalisation is mainly responsible for the globalization of the Indian economy. This process begain the late 1980s.
  2. Due to liberalisation reduction in tariff and import duties was made. Now foreign goods can be imported easily.

Arguments against:

  1. Small manufacturers cannot face global competition. The foreign goods and brands are in the market, therefore, local goods and brands have gone way behind.
  2. The process of Privatisation has led to loss of employment in some sectors.

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Some More Questions From Globalisation and Social Change Chapter

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.

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Shoes

Cameras

Computers

Television

Cars

Music Systems

Cosmetics like soaps or shampoos

clothes

Processed Food

Tea

Coffee

Milk Powder

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All types of quantitative restrictions (QR) in imports were withdrawn

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Julifera is a name of