The correct answer is option (3)- Traditional cultures and age old values will be protected due to globalisation.
Critics of globalisation from the political right express anxiety over the political, economic, and cultural effects. Culturally, they are worried that traditional culture will be harmed and people will lose their age-old values and ways.
Critics of globalisation from the political right express anxiety over the political, economic and cultural effects:
Political Consequences of Globalisation - At the most simple level, globalisation results in an erosion of state capacity, that is, the ability of government to do what they do. All over the world, the old ‘welfare state’ is now giving way to a more minimalist state that performs certain core functions such as the maintenance of law and order and the security of its citizens. However, it withdraws from many of its earlier welfare functions directed at economic and social well-being. In place of the welfare state, it is the market that becomes the prime determinant of economic and social priorities. The entry and the increased role of multinational companies all over the world lead to a reduction in the capacity of governments to take decisions on their own.
Economic Consequence pf Globalisation- Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on the movement of capital across countries have also been reduced. In operational terms, it means that investors in rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns. Globalisation has also led to the flow of ideas across national boundaries. The spread of the internet and computer-related services is an example of that.
Cultural effect of globalisation- It leads to the fear that this process poses a threat to cultures in the world. It does so, because globalisation leads to the rise of a uniform culture or what is called cultural homogenisation. The rise of a uniform culture is not the emergence of a global culture. What we have in the name of a global culture is the imposition of Western culture on the rest of the world. |
