Which of the following is NOT true of globalisation?

The correct answer is option 4: None of the above

Statement 1: Globalisation along with free trade can adversely affect developing economies if unequal conditions are imposed. This is true because developing countries may face difficulties in competing with developed economies under unequal conditions.

Statement 2: Developed countries try to enter developing markets while protecting their own markets from foreign products. This is also true and is often discussed as a criticism of globalisation.

Since both statements are correct, there is no incorrect statement.

NCERT: Globalisation along with free trade can adversely affect the economies of developing countries by not giving equal playing field by imposing conditions which are unfavourable. With the development of transport and communication systems goods and services can travel faster and farther than ever before. But free trade should not only let rich countries enter the markets, but allow the developed countries to keep their own markets protected from foreign products.