In the given question, a statement of Assertion is followed by a statement of Reason. Mark the correct answer.
Assertion: Many movements all over the world have called for a halt to forced economic globalisation
Reason: They feel that safety nets are insufficient or unworkable and that their results would lead to economic ruin for the weaker countries.
Answer & explanation
Correct answer: option 1
Economic globalisation has created an intense division of opinion all over the world. Those who are concerned about social justice are worried about the extent of state withdrawal caused by processes of economic globalisation. They point out that it is likely to benefit only a small section of the population while impoverishing those who were dependent on the government for jobs and welfare (education, health, sanitation, etc.). They have emphasized the need to ensure institutional safeguards or create ‘social safety nets’ to minimize the negative effects of globalisation on those who are economically weak.
Many movements all over the world feel that safety nets are insufficient or unworkable. They have called for a halt to forced economic globalisation, for its results would lead to economic ruin for the weaker countries, especially for the poor within these countries.