Which of the following are TRUE about the concerns of the critics of Globalisation?

(A) Globalisation makes the rich richer and the poor poorer.
(B) Globalisation leads to the strengthening of the state to protect the interest of the backward class and caste.
(C) Globalisation will harm the traditional culture and people will lose their age-old values.

Choose the correct answer from the given options:

Only (A) and (C)

The correct answer is Option 2 - Only (A) and (C)

Given statements:

(A) Globalisation makes the rich richer and the poor poorer. (CORRECT)
(B) Globalisation leads to the strengthening of the state to protect the interest of the backward class and caste. (INCORRECT)
(C) Globalisation will harm the traditional culture and people will lose their age-old values. (CORRECT)

Statement (B) is incorrect as  globalisation leads to the weakening of the state which ultimately leads to a reduction in the capacity of the state to protect the interest of its poor.

Globalisation is a very contentious subject and has invited strong criticism all over the globe. Critics of globalisation make a variety of arguments. Those on the left argue that contemporary globalisation represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer. Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor. Critics of globalisation from the political right express anxiety over the political, economic and cultural effects. In political terms, they also fear the weakening of the state. Economically, they want a return to self-reliance and protectionism, at least in certain areas of the economy. Culturally, they are worried that traditional culture will be harmed and people will lose their age-old values and ways.