Question
Explain the arguments put forward by advocates of globalisation.
Solution
The arguments are:
(i) It generates greater economic growth and well-being for larger sections of the population when there is de-regulation.
(i) It generates greater economic growth and well-being for larger sections of the population when there is de-regulation.
(ii) Greater trade among countries allows each economy to do what it does best.This would benefit the whole world.
(ii)They argue that economic globalisation is inevitable and it is not wise to resist the march of history.
(iv) It has increased momemtum towards interdependence and integration between governments, businesses, and ordinary people in different parts of the world as a result of globalisation.
