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Understanding Globalization's Impact

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14 views3 pages

Understanding Globalization's Impact

Notes

Uploaded by

bhandariawadhi31
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

1. What is cultural homogenization?

Give an example to show that its consequence is not


negative.
The process of globalization leads to the rise of a uniform culture which is known as cultural
homogenization. For example blue jeans can go well with a homespun khadi kurta.
2. State any two negative aspect of globalization.
a. The process of globalization represents a particular phase of global capitalism that
makes the rich richer and the poor poorer.
b. The programme of globalization is creating a new form of imperialism where
developing countries would be at the receiving end.
3. Which are four different flows under globalization?
Flows of ideas, capital, commodities and people.
4. Mention any two political consequence of globalization.
The two political consequence of globalization are-
1. Globalization results in reducing the state capacity or the ability of the government to do
what they want to do.
2. ‘Old welfare state ‘ is giving way to a more minimalist state.
5. How far is it correct to say that globalization results in the erosion of state sovereignty?
Excessive privatization and removal of trade barriers gradually weaken the state and its
sovereignty may meet to shock therapy like that of USSR that resulted her disintegration
6. Mention any four political consequences of globalization.
Political consequences are positive and negative both as:
Negative aspects
1. Globalization results in an erosion of state capacity that is the ability of government to do
what they do.
2. The old welfare state is now giving way to more minimalist state that performs certain
core functions such as maintenance of law and order and the security of its citizens.
3. Sometimes state withdraws from many of its earlier welfare functions directed at
economic and social well being.
4. Market becomes prime determinant to settle down social and economic priorities in place
of welfare.
Positive aspects
1. The prime status remains unchallenged basis of political community.
2. To some extent developing countries have received a boost to become more powerful and
strong.
7. Explain any two economic consequences of globalization.
Positive consequences
1. It involves greater economic flows among various countries.
2. It has enhanced trade in commodities among countries.
3. The restrictions on the imports and movements of capital have also reduced.

Negative consequences
1. it has created diverse opinion all over the world as to benefit only a small section of
society
2. it does not have equality at par the movement of people across the globe i.e. developed
countries have carefully guarded their border with visa policies to ensure job security to
their own citizens.
8. What is globalization? Highlight any three cause of globalization.
Globalization is integration of an economy with other economies along with the free flow of
trade and capital.
Process of globalization is the result of:

1. Historical factors.

2. Role of international organizationns like IMF and WTO

3. Liberalization and privatization

4. Technological innovations.

9. Explain any two positive and two negative effects of globalization.


Positive effects
1. Increase in the volume of trade in goods and services.
2. It attracts private foreign capital investment.
Negative effects
1. It has widened income disparities by making rich richer and the poor poorer.
2. Gradually, globalization is also a reason for depletion of flora and fauns in country.
10. Explain any four consequences of globalization.
Economic consequences
1. It has involved greater trade in commodities across the globe
2. The restriction imposed by other countries on allowing imports has been reduced.
Cultural consequences
1. The rise of uniform culture called as cultural homogenization.
2. Global culture is the imposition of western culture on rest of the world.

Political consequences
1. In place of welfare state it is the market to become the prime determinant of economic
and social priorities.
2. The entry and increased role of MNCs all over the world leads to reduction in capacity of
governments to take decisions on their own.

Others
1. The left wing protests against economic liberalization.
2. Indian social forum also raised voices against globalization.
11. Explain any three benefits of globalization with examples.
Globalization has certain benefits like:
Economic benefits
1. It involves greater economic flows among various countries.
2. It has enhanced trade in commodities among countries.
3. The restrictions on the imports and movement of capital have also been reduced.
4. This has spread internet and computer related services across national boundaries

Technological benefits:-
Technical equipment as telephone, internet, telephone and microchip have contributed to
globalization by exchanging ideas, capital and people to make convenient to move from one
place to another at a fast pace to stimulate the process of globalization.
Political benefits
1. The primary of status remain unchallenged a basis of political community.
2. To some extent developing countries have received a boost to become more powerful and
strong
12. Assess any three basics on which globalization are being resisted in India.
Resistance to globalization in India has come from different quarters:
1. Left using protests to economic liberalization was voiced through political parties as well
as through forum like the Indian social forum.
2. Trade unions and farmers interests have also been organized protests against MNCs.
3. The patenting of certain plants like need by American and European forms has also
generated protests.
4. Resistance has come from political parties also in the form of objecting to various cultural
influences like availability of foreign T. channels provided by cable networks, celebration of
Valentine’s Day westernization of dress code.
13. Write down the factors responsible for the emergence of globalization.
The period after the end of cold war and the dissolution of Soviet Union is known as an era
of globalization and the following factors were responsible for its emergence:
1. Advancement of science and technology.
2. End of cold war.
3. Collapse of communication for Eastern Europe
4. For the solution of world problems.
5. Failure of socialist model.
6. Global effects of various events.

Common questions

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Globalization addresses historical economic inequalities by enhancing trade and economic flows among various countries, potentially boosting economies and integrating them globally . However, it simultaneously creates new disparities by widening income gaps, as it often benefits the affluent, making the rich richer while disadvantaging poorer populations .

Indian society resists globalization through protests against economic liberalization, led by left-wing groups, trade unions, and political parties opposing cultural influences . Key areas of resistance include opposition to MNCs, patenting of indigenous plants by foreign entities, and cultural Westernization, such as foreign TV channels and Western celebrations like Valentine's Day .

Economically, globalization offers developing countries increased trade and reduced import restrictions, enhancing their global integration and economic growth . Politically, it provides a platform for these countries to strengthen their global stature and influence by leveraging new economic connections .

Globalization contributes to the erosion of state power by reducing the state's capacity to perform traditional roles like welfare provision, as the market becomes the prime determinant of social and economic priorities . Conversely, globalization enhances state power by boosting developing countries to become more formidable in the global arena . The entry of multinational corporations (MNCs) also leads to a decreased capacity of governments to independently make decisions .

Cultural homogenization, as a result of globalization, leads to the emergence of a uniform culture that can adapt to local elements without losing individual cultural identity, exemplified by blue jeans complementing a khadi kurta . Politically, globalization reduces state capacity by transforming welfare states into minimalist ones, prioritizing market forces for setting social and economic priorities . While the uniform culture can foster global understanding, the political shifts can weaken states’ sovereignty, potentially leading to instability .

Technology has been pivotal in globalization by facilitating the exchange of ideas and capital, and enabling the fast movement of people, contributing significantly to the process . Technological advancements, such as the internet and telecommunications, have made these exchanges more efficient, further driving globalization's reach and impact .

Recent historical contexts that led to globalization include the collapse of the Soviet Union, advancements in technology, and the failure of the socialist model. These events facilitated a global shift towards interconnected economies and cultures . The end of the Cold War also contributed by eliminating geopolitical barriers .

Globalization influences environmental issues by accelerating the depletion of natural resources due to increased industrial activity and consumption aimed at feeding the global market. This heightened demand and exploitation result in the degradation of biodiversity and ecosystems .

International organizations like the IMF and WTO play critical roles in fostering globalization by promoting economic policies that encourage liberalization and trade. These organizations facilitate the integration of economies by removing trade barriers and enhancing capital flow, thus acting as catalysts in the globalization process .

The liberalization of trade and capital flows impacts global economic patterns by increasing the volume and speed of exchanges among countries, leading to greater economic integration. This openness enhances trade in goods and services and attracts foreign investments, but may also concentrate wealth and power, creating imbalances .

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