Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Globalisation Critics Argument
Critics argue that globalisation is a strategy of:
- Developing countries to grow faster
- Developed countries to expand their markets in other countries — Correct Answer
- International organisations to promote world peace
- Small businesses to expand locally
Explanation:
Correct Answer Explanation
Critics argue globalisation is a strategy of developed countries to expand their markets in other countries.
Key Points:
- It has compromised welfare and identity of people in poor countries.
- Market-driven globalisation has widened economic disparities among nations.
- Growth concentrated in select service areas rather than agriculture and industry.
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This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
