Globalisation

Question 1

Globalisation?

Answer 1

• Globalisation is a multidimensional concept.
• It has
  political, economic and cultural
  manifestations, and these must be
  adequately distinguished.

Question 2

causes og globalisation :

Answer 2

• improved communication
• world could have
  an impact on another part of the
  world.[The Bird flu or tsunami
  is not confined to any particular
  nation.]

Question 3

POLITICAL CONSEQUENCES

Answer 3

• globalisation results in an erosion
  of state capacity, that is, the
  ability of government to do what
  they do.
• The entry and the
  increased role of multinational
  companies all over the world leads
  to a reduction in the capacity of
  governments to take decisions on
  their own.
• The
  state continues to discharge its
  essential functions (law and order,
  national security) and consciously
  withdraws from certain domains
  from which it wishes to. States
  continue to be important.

Question 4

ECONOMIC CONSEQUENCES:

Answer 4

• narrower terms: international institutions like
  the IMF and the WTO and the role
  they play in determining economic
  policies across the world.
• globalisation usually involves
  greater economic flows among
  different countries of the world.

Question 5

“halt to forced economic
globalisation”

Answer 5

• Many
  movements all over the world feel
  that safety nets are insufficient or
  unworkable.
• lead to economic ruin for the
  weaker countries, especially for
  the poor within these countries

Question 6

cultural homogenisation

Answer 6

• Thus, the culture of the
  politically and economically
  dominant society leaves its
  imprint on a less powerful society,
  and the world begins to look more
  like the dominant power wishes
  it to be.

Question 7

INDIA AND GLOBALISATION

Answer 7

• In 1991, responding to a
  financial crisis and to the desire
  for higher rates of economic
  growth, India embarked on a
  programme of economic reforms
  that has sought increasingly to
  de-regulate various sectors including
  trade and foreign investment.

Question 8

In ……….., at the World Trade
Organisation (WTO) Ministerial
Meeting there were widespread protests at Seattle alleging unfair
trading practices by the
economically powerful states.

Answer 8

1999

Question 9

World Social Forum (WSF)

Answer 9

• another global platform, which
  brings together a wide coalition
  composed of human rights
  activists, environmentalists,
  labour, youth and women activists
  opposed to neo-liberal globalisation.

Question 10

The first WSF meeting was
organised in ……….

Answer 10

Porto Alegre, Brazil
in 2001.

Question 11

The fourth WSF meeting
was held in………… The
seventh WSF meeting was held in
Nairobi, ……..

Answer 11

Mumbai in 2004
Kenya in January 2007.