What is meant by fair globalisation?

Question

Answer

Fair globalisation would create opportunities for all and also ensures that the benefits of globalisation are shared by all.

Answer

Fair globalisation would create opportunities for all and also ensures that the benefits of globalisation are shared by all.
(i) Government can play a major role in making this possible. Its policies must protect the interest of rich and poor both.
(ii) Labour laws are properly implemented and the workers get their rights.
(iii) It can support small producers by putting some restrictions or barriers.
(iv) It can negotiate at the WTO for fairer rules.

Answer

Fair Globalisation

Fair globalisation refers to the process of global economic integration that is equitable and inclusive, where everyone benefits from the opportunities created by it. It is a concept that aims to balance economic growth with social development, environmental protection, and respect for human rights.

Importance of Fair Globalisation

Fair globalisation is important because:

1. It promotes economic growth and development that benefits everyone, rather than just a few.

2. It ensures that the benefits of economic growth are shared equally among all sections of society, including the poorest and most vulnerable.

3. It helps to reduce poverty and inequality around the world.

4. It promotes sustainable development, where economic growth occurs without harming the environment.

5. It helps to promote peace and stability, by reducing the gap between rich and poor countries.

Elements of Fair Globalisation

The elements of fair globalisation include:

1. Social justice: Fair globalisation aims to reduce poverty and inequality and ensure that everyone has access to basic human rights, such as healthcare, education, and clean water.

2. Environmental sustainability: Fair globalisation aims to promote sustainable development, where economic growth occurs without harming the environment.

3. Economic growth: Fair globalisation aims to promote economic growth that benefits everyone, rather than just a few.

4. Human rights: Fair globalisation aims to promote respect for human rights and dignity, including labour rights and gender equality.

5. Democratic governance: Fair globalisation aims to promote democratic governance, where people have a say in the decisions that affect their lives.

Conclusion

In conclusion, fair globalisation is an important concept that promotes economic growth and development that benefits everyone, while also promoting social justice, environmental sustainability, and respect for human rights. By promoting fair globalisation, we can reduce poverty and inequality, promote sustainable development, and create a more peaceful and stable world.

Answer

Fair globalisation means that the benefits of the globalisation must be shared by all equally. Globalisation has two sides - the positive and the negative. ... For fair globalisation, government can have a great role: The government can support those producers who are very small and cannot compete with them

Answer

Fair globalisation means that the benefits of the globalisation must be shared by all equally.

Globalisation has two sides - the positive and the negative. If a balance has to be brought about we should strive towards fair globalisation.

For fair globalisation, the government can have a great role:

The government can support those producers who are very small and cannot compete with them.

If very necessary, the government can still use some trade barriers for the protection of some small producers.

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