CUET Preparation Today
Which of the following statements is correct? |
Only statement A is correct. Only statement B is correct. Both statements are correct. Neither of them is correct. |
Both statements are correct. |
The correct answer is Option 3 - Both statements are correct. Statement A- There is an increased momentum towards interdependence and integration between governments, businesses, and ordinary people in different parts of the world as a result of globalisation.
Advocates of economic globalisation argue that it generates greater economic growth and well-being for larger sections of the population when there is de-regulation. Greater trade among countries allows each economy to do what it does best. This would benefit the whole world. They also argue that economic globalisation is inevitable and it is not wise to resist the march of history. More moderate supporters of globalisation say that globalisation provides a challenge that can be responded to intelligently without accepting it uncritically. What, however, cannot be denied is the increased momentum towards inter-dependence and integration between governments, businesses, and ordinary people in different parts of the world as a result of globalisation. In thinking about the consequences of globalisation, it is necessary to keep in mind that the same set of policies does not lead to the same results everywhere. While globalisation has led to similar economic policies adopted by governments in different parts of the world, this has generated vastly different outcomes in different parts of the world. It is again crucial to pay attention to specific context rather than make simple generalizations in this connection. |
