Practicing Success

Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: Globalisation

Question:

Which of the following point is advocated by the advocates of economic globalisation?

Options:

Stronger Visa policies should be made to ensure better facilities for the citizens of a country.

Social safety nets are insufficient or unworkable.

Greater trade among countries allows each economy to do what it does best.

All of the above

Correct Answer:

Greater trade among countries allows each economy to do what it does best.

Explanation:

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.