Which one of the following was the main aim to form ‘World Trade Organisation’?

a) To liberalise international trade

b) To promote trade of rich countries

c) To promote trade of poor countries

d) To promote bilateral trade

How would flexibility in labour laws help companies?

What are the various ways in which MNCs set up, or control production in other countries?

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

‘The impact of globalisation has not been uniform’. Explain this statement.

How has liberalization of trade and investment policies helped the globalization process?

How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.

Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.

Supposing you find two people arguing : One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India to develop. How would you respond to these arguments?

Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ____________________. Markets in India are selling goods produced in many other countries. This means there is increasing __________________ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because _________________ While consumers have more choices in the market, the effect of rising _____________ and ________ has meant greate _____________ among the producers.