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Globalisation has led to an improvement in living conditions:
  • a)
    of all the people
  • b)
    of people in developed countries​
  • c)
    of workers in the developing countries
  • d)
    none of the above.
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Globalisation has led to an improvement in living conditions:a)of all ...
Globalisation has led to an improvement in living conditions for workers in developing countries.

Increased Employment Opportunities:
- Globalisation has opened up new markets and created opportunities for businesses to expand their operations internationally.
- This has led to an increase in foreign direct investment in developing countries, which has in turn resulted in the establishment of new industries and factories.
- As a result, there has been a rise in employment opportunities for workers in these countries, leading to improved living conditions for them.

Higher Wages:
- Globalisation has also resulted in increased competition among businesses.
- In order to remain competitive, companies often seek to reduce their costs, including labor costs.
- This has led to the outsourcing of production and manufacturing to developing countries where labor costs are lower.
- Workers in these countries benefit from this outsourcing as they are able to secure employment and earn wages, albeit at lower rates compared to developed countries.
- While the wages may be lower in absolute terms, they are often higher than what workers would have earned in the absence of globalisation, thus improving their living conditions.

Access to Better Working Conditions:
- Along with increased employment opportunities and wages, globalisation has also brought about improvements in working conditions in developing countries.
- As companies expand their operations globally, they are increasingly under pressure to comply with international labor standards and regulations.
- This includes ensuring safe working conditions, reasonable working hours, and providing benefits such as healthcare and social security.
- International organizations and initiatives such as the International Labor Organization (ILO) play a crucial role in monitoring and promoting these standards.
- Consequently, workers in developing countries are now more likely to have access to better working conditions, which contribute to an overall improvement in their living conditions.

In conclusion, globalisation has positively impacted the living conditions of workers in developing countries by providing them with increased employment opportunities, higher wages compared to pre-globalisation levels, and access to better working conditions. While globalisation has also brought benefits to people in developed countries, the most significant improvement in living conditions can be observed in the case of workers in the developing world.
Community Answer
Globalisation has led to an improvement in living conditions:a)of all ...
B is correct answer
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Read the extract given below and answer the questions that follows:Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. Globalisation has created more competitive environment in India. In the past two to three decades, more and more MNCs have been looking for locations around the world which would be cheap for their production. Foreign investment by MNCs in these countries has been rising. At the same time, foreign trade between countries has been rising rapidly. A large part of the foreign trade is also controlled by MNCs. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries. Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. This is through the movement of people between countries. People usually move from one country to another in search of better income, better jobs or better education. Rapid improvement in technology has been one major factor that has stimulated the Globalisation process. Even more remarkable have been the developments in information and communication technology. Globalisation and greater competition among producers - both local and foreign producers - has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower prices for several products. As a result, these people today, enjoy much higher standards of living than was possible earlier. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.Answer the following MCQs by choosing the most appropriate optionQ. Globalisation has created new opportunities of

Read the extract given below and answer the questions that follows:Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. Globalisation has created more competitive environment in India. In the past two to three decades, more and more MNCs have been looking for locations around the world which would be cheap for their production. Foreign investment by MNCs in these countries has been rising. At the same time, foreign trade between countries has been rising rapidly. A large part of the foreign trade is also controlled by MNCs. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries. Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. This is through the movement of people between countries. People usually move from one country to another in search of better income, better jobs or better education. Rapid improvement in technology has been one major factor that has stimulated the Globalisation process. Even more remarkable have been the developments in information and communication technology. Globalisation and greater competition among producers - both local and foreign producers - has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower prices for several products. As a result, these people today, enjoy much higher standards of living than was possible earlier. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.Answer the following MCQs by choosing the most appropriate optionQ. Process of integration of different countries is called

Read the extract given below and answer the questions that follows:Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. Globalisation has created more competitive environment in India. In the past two to three decades, more and more MNCs have been looking for locations around the world which would be cheap for their production. Foreign investment by MNCs in these countries has been rising. At the same time, foreign trade between countries has been rising rapidly. A large part of the foreign trade is also controlled by MNCs. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries. Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. This is through the movement of people between countries. People usually move from one country to another in search of better income, better jobs or better education. Rapid improvement in technology has been one major factor that has stimulated the Globalisation process. Even more remarkable have been the developments in information and communication technology. Globalisation and greater competition among producers - both local and foreign producers - has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower prices for several products. As a result, these people today, enjoy much higher standards of living than was possible earlier. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.Answer the following MCQs by choosing the most appropriate optionQ. Globalisation has posed major challenges for

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Globalisation has led to an improvement in living conditions:a)of all the peopleb)of people in developed countriesc)of workers in the developing countriesd)none of the above.Correct answer is option 'C'. Can you explain this answer?
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