What has been emphasized by those who are concerned about social justice and worried about the extent of state withdrawl caused by processes of economic globalisation?
Answer & explanation
Correct answer: option 1
The correct answer is Option 1 - Creation of social safety nets for those who are economically weak.
Economic globalisation has created an intense division of opinion all over the world. Those who are concerned about social justice are worried about the extent of state withdrawal caused by processes of economic globalisation. They point out that it is likely to benefit only a small section of the population while impoverishing those who were dependent on the government for jobs and welfare (education, health, sanitation, etc.). They have emphasized the need to ensure institutional safeguards or create ‘social safety nets’ to minimize the negative effects of globalisation on those who are economically weak.