Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: Globalisation

Question:

Which among the following statements are correct about the economic consequences of globalization?

(A) The economic flows among different nations of the world are involuntary and are all forced by international organizations.
(B) Globalization has reduced the restrictions on movement of capital across countries.
(C) Globalization has led to the adoption of similar economic policies by governments in different parts of the world and generated the same outcomes in all countries.
(D) Globalization has led to greater interdependence and integration between governments, businesses and ordinary people in different parts of the world.

Choose the correct answer from the options given below:

Options:

(A) and (B) only

(C) and (D) only

(B) and (D) only

(B), (C) and (D) only

Correct Answer:

(B) and (D) only

Explanation:

The correct answer is Option (3) → (B) and (D) only

(A) The economic flows among different nations of the world are involuntary and are all forced by international organizations. (Incorrect). Economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. 
(B) Globalization has reduced the restrictions on movement of capital across countries. (Correct)
(C) Globalization has led to the adoption of similar economic policies by governments in different parts of the world and generated the same outcomes in all countries. (Incorrect). While many countries have adopted similar economic policies (liberalization, privatization, globalization), the outcomes have not been the same everywhere.
(D) Globalization has led to greater interdependence and integration between governments, businesses and ordinary people in different parts of the world. (Correct)