Explain any four consequences of globalisation.

1.	Explain any four consequences of globalisation.
Answer» 1. Economic Consequences (a) It has involved greater trade in commodities across the globe. (b) The restrictions imposed by other countries on allowing imports have been reduced. 2. Cultural Consequences (a) The rise of uniform culture called as cultural homogenization. (b) Global culture is the imposition of western culture on the rest of the world. 3. Political Consequences (а) In place of welfare state it is the market to become the prime determinant of economic and social priorities. (b) The entry and an increased role of MNCs all over the world lead to the reduction in the capacity of governments to take decisions on their own. 4. Others (а) The left-wing protests against economic liberalization. (b) Indian social forum also raised voices against globalization.

Answer»

1. Economic Consequences

(a) It has involved greater trade in commodities across the globe.

(b) The restrictions imposed by other countries on allowing imports have been reduced.

2. Cultural Consequences

(a) The rise of uniform culture called as cultural homogenization.

(b) Global culture is the imposition of western culture on the rest of the world.

3. Political Consequences

(а) In place of welfare state it is the market to become the prime determinant of economic and social priorities.

(b) The entry and an increased role of MNCs all over the world lead to the reduction in the capacity of governments to take decisions on their own.

4. Others

(а) The left-wing protests against economic liberalization.

(b) Indian social forum also raised voices against globalization.

Discussion