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Read the passage given below and answer the questions that follows:
The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.
In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.
This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.
Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.
At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.
Q. We can see “a sharp increase” due to globalisation in ................................ ?
  • a)
    employment and capital
  • b)
    trade and economic exchanges
  • c)
    poverty and hunger
  • d)
    All of the above
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Read the passage given below and answer the questions that follows:Th...
Globalization has resulted in greater inter connectedness among markets around the world and increased communication and awareness of business opportunities in the far corners of the globe.
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Most Upvoted Answer
Read the passage given below and answer the questions that follows:Th...
Understanding the Answer: Globalization's Impact
Globalization has had profound effects on the economic landscape, particularly with regard to trade and economic exchanges. The correct answer to the question regarding the sharp increase due to globalization is option 'B': trade and economic exchanges. Here’s why:
Increase in Trade
- Global Trade Growth: The passage mentions that world exports increased 33-fold between 1950 and 2010. This dramatic rise is a direct result of globalization, indicating that countries have become more interconnected through trade.
- Acceleration of Free Trade Policies: The opening of world economies in the 1970s and the acceleration of free trade policies facilitated easier access to international markets, promoting trade.
Economic Exchanges
- Financial Exchanges: The globalization of finance, particularly from the 1980s, has led to increased financial exchanges between nations, enhancing economic interactions.
- Economic Growth: The passage states that globalization has led to strong global economic growth, which is a direct outcome of increased trade and economic exchanges.
Why Not Employment, Capital, or Poverty?
- Employment and Capital: While globalization can impact employment and capital, the passage does not specifically mention a sharp increase in these areas. It focuses more on trade and economic exchanges.
- Poverty and Hunger: The passage does not address increases in poverty and hunger as a result of globalization, which can sometimes occur due to unequal benefits from economic growth.
In conclusion, the sharp increase resulting from globalization primarily pertains to trade and economic exchanges, making option 'B' the correct choice.
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Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. We can see “a sharp increase” due to globalisation in ................................ ?a)employment and capitalb)trade and economic exchangesc)poverty and hungerd)All of the aboveCorrect answer is option 'B'. Can you explain this answer?
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Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. We can see “a sharp increase” due to globalisation in ................................ ?a)employment and capitalb)trade and economic exchangesc)poverty and hungerd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. We can see “a sharp increase” due to globalisation in ................................ ?a)employment and capitalb)trade and economic exchangesc)poverty and hungerd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. We can see “a sharp increase” due to globalisation in ................................ ?a)employment and capitalb)trade and economic exchangesc)poverty and hungerd)All of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. We can see “a sharp increase” due to globalisation in ................................ ?a)employment and capitalb)trade and economic exchangesc)poverty and hungerd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
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According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. We can see “a sharp increase” due to globalisation in ................................ ?a)employment and capitalb)trade and economic exchangesc)poverty and hungerd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. We can see “a sharp increase” due to globalisation in ................................ ?a)employment and capitalb)trade and economic exchangesc)poverty and hungerd)All of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. We can see “a sharp increase” due to globalisation in ................................ ?a)employment and capitalb)trade and economic exchangesc)poverty and hungerd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. We can see “a sharp increase” due to globalisation in ................................ ?a)employment and capitalb)trade and economic exchangesc)poverty and hungerd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. We can see “a sharp increase” due to globalisation in ................................ ?a)employment and capitalb)trade and economic exchangesc)poverty and hungerd)All of the aboveCorrect answer is option 'B'. 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