Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following is NOT a critique of globalization?

Options:

globalization is a strategy of the developing countries to expand their markets in poor countries.

marketdriven globalization has widened the economic disparities among nations and people.

globalization has compromised the welfare and identity of people belonging to poor countries.

none of the above

Correct Answer:

globalization is a strategy of the developing countries to expand their markets in poor countries.

Explanation:

The critics argue that globalisation is a strategy of the developed countries to expand their markets in other countries. According to them, it has compromised the welfare and identity of people belonging to poor countries. It has further been pointed out that marketdriven globalisation has widened the economic disparities among nations and people.