Which of the following statement is true regarding "Globalisation"?
- Market driven Globalisation has widened the economic disparities among nations and people.
- It has compromised the welfare and identity of people belonging to poor countries.
Answer & explanation
Correct answer: option 3
Points which stand against globalisation are:
- It is a strategy of the developed countries to expand their markets in other countries.
- It has driven economic disparities among nations.
- It has compromised the welfare of people belonging to poor countries.
- It does not work on the principle of equity.