Which one of the following statements is correct while thinking about the consequences of globalization?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Similar economic policies adopted by governments of the world, but has generated different outcomes
Option (1) The same set of policies lead to the same results everywhere False. The same set of policies do not lead to the same results everywhere.
Option (2) It is not crucial to pay attention to specific context False. It is necessary to pay attention to the specific context of each country.
Option (3) Similar economic policies adopted by governments of the world, but has generated different outcomes True. Globalisation has led to similar economic policies in different parts of the world, but this has generated vastly different outcomes in different parts of the world.
Option (4) We can make simple generalisations about consequences False. One should pay attention to the specific context rather than make simple generalisations about the consequences.
NCERT (2025-26): “Economic Consequences … In thinking about the consequences of globalisation, it is necessary to keep in mind that the same set of policies do 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 generalisations in this connection.” |