Infographics: Globalisation and the Indian Economy | Social Studies (SST) Class 10 PDF Download

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Globalization: Connecting Our World
Globalization is the process of integrating a country's economy with the global economy, 
allowing the free movement of goods, capital, and people across international borders. 
Think of it as the world becoming one giant marketplace where countries work together.
What is Globalization?
Countries connecting 
economically through 
trade, investment, and 
shared resources
Key Elements
Free movement of goods, 
money, and people 
across borders
Main Goal
Creating one integrated 
global economy
Production Across Countries
Trade has historically connected distant countries, primarily driven by large firms called 
Multinational Corporations (MNCs). These are businesses that own or manage production 
facilities in multiple countries, establishing offices and factories where they can find cost-
effective labor and resources.
Investment means spending money on assets like land, buildings, and machinery. Foreign 
investment is when MNCs or foreign companies invest in local assets, significantly 
impacting production processes worldwide.
Foreign Trade and Market Integration
Foreign trade enables producers to reach customers beyond their local areas, creating 
market integration across countries.
01
Expanded Market Reach
Producers can sell goods 
locally and internationally
02
Increased Consumer 
Choice
Buyers select from wider 
range of products
03
Market Integration
Markets across countries 
become connected
Small traders often face tough competition from MNC brands and imports, showing 
both opportunities and challenges of globalization.
Factors Driving Globalization
Transportation Technology
Improved methods make moving goods 
faster and easier across borders
Information Technology
Better communication facilitates global trade 
and investment
Liberalized Policies
Countries relaxed rules for foreign trade and 
investment
WTO Influence
World Trade Organization promotes 
international commerce
World Trade Organization (WTO)
The World Trade Organization (WTO) aims to 
facilitate and simplify international trade. 
With 164 member countries, the organization has 
established rules to promote free trade among all 
member nations.
The WTO serves as a global referee, ensuring fair 
play in international trade and helping resolve 
disputes between countries.
Impact of Globalization in India
Globalization has enhanced consumer options in India, resulting in superior product quality 
at reduced prices, thereby elevating living standards and creating new opportunities.
The Struggle for Fair Globalization
Fair globalization means ensuring that the benefits reach everyone while minimizing the 
negative impacts on vulnerable groups and local economies.
Ensuring globalization benefits everyone requires careful consideration of multiple factors:
Worker Protection
Implementing proper labor laws to 
safeguard workers' rights
Small Producer Support
Helping small businesses improve 
performance and competitiveness
Strategic Barriers
Using trade barriers when necessary to 
protect local interests
WTO Negotiations
Working for fairer trade rules and 
practices
Developing Country Alliance
Partnering with other developing nations 
for stronger voice
Balanced Perspective
Considering both positive and negative 
impacts across all sectors