What will be the consequences of Globalisation, if it spreads to all s – InterviewSolution

InterviewSolution

1.	What will be the consequences of Globalisation, if it spreads to all sectors in future?
Answer» More products will be available if globalization process is continued and spread. Quality of goods will be increased prices come down. Foreign investment is increased. Many new jobs will come up. IT services will be increased. Technology will be more used. Small scale industries will be closed. Culture and nationalism are also affected. Soil lose its fertility.

Discussion

No Comment Found

Related InterviewSolutions

Globalisation has created new opportunities of A) employmentB) emerging multinationals C) providing services D) all of the above
How has globalisation impacted on India and how is India in turn impacting on globalisation?
‘Globalisation’ has NOT badly impacted the lives of A) MNCs B) Tribal people C) Landless workersD) Unorganised sector workers
What was the idea behind developing Special Economic Zones (SEZs) in India? (a) To attract foreign companies to invest in India (b) To earn foreign exchange (c) To make India financially stable (d) To make India a developed country
How many countries are currently the members of the World Trade Organisations? (a) 140 countries (b) 145 countries (c) 159 countries (d) 149 countries
How has foreign trade been integrating markets of different countries in the world? Explain with examples.
How has globalisation been advantageous to both the producers as well as the consumers in India? Explain.
What is the most common route for MNC investments?
What is the full form of WTO? (a) World Transactions Organisation (b) Wealth Trade Organisation (c) World Trade Organisation (d) None of the above
WTO is dominated by countries like ......... . (a) U.S. and U.K. (b) China and France (c) India and Japan (d) Ireland and Germany