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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: The critics argue that contemporary globalization represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer.
Reason: Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor.
  • a)
    Both (A) and (R) are true, but (R) is the correct explanation of (A).
  • b)
    Both (A) and (R) are true, but (R) is not the correct explanation of (A).
  • c)
    (A) is true, but (R) is false.
  • d)
    (A) is false, but (R) is true.
Correct answer is option 'A'. Can you explain this answer?
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Directions: In the following questions, a statement of Assertion (A) ...
Globalization leads to an increase in income inequality around the globe. This is because globalization encourages prosperous nations to outsource production to locations which provide either cheap labour or cheap raw materials or both.
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Directions: In the following questions, a statement of Assertion (A) ...
Assertion (A): The critics argue that contemporary globalization represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer.
Reason (R): Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor.

The correct answer is option A, which states that both the assertion and the reason are true, and the reason is the correct explanation of the assertion.

Explanation:
1. Contemporary Globalization and Capitalism:
- Critics argue that contemporary globalization represents a particular phase of global capitalism that benefits the rich and exacerbates income inequality.
- Globalization, characterized by the increasing interconnectedness of economies, has allowed multinational corporations and wealthy elites to take advantage of global markets and exploit cheap labor in developing countries.
- This process has led to the concentration of wealth in the hands of a few, making the rich richer and the poor poorer.

2. The Weakening of the State:
- The weakening of the state refers to a decrease in the regulatory power and authority of governments, particularly in economic matters.
- With the advent of globalization, governments have often pursued neoliberal policies that prioritize free markets and reduced state intervention.
- This has resulted in reduced capacity of the state to protect the interests of its poor citizens, as it is less able to regulate and redistribute wealth effectively.

3. Relationship between Globalization and the Weakening of the State:
- Globalization and the weakening of the state are interconnected processes that reinforce each other.
- Globalization often requires countries to liberalize their economies and deregulate markets, which weakens the state's ability to protect its citizens, especially the poor.
- The reduced regulatory power of the state allows for the accumulation of wealth by multinational corporations and the wealthy, further exacerbating income inequality.

4. Explanation of the Reason (R):
- The reason provided in the question is that the weakening of the state leads to a reduction in its capacity to protect the interests of the poor.
- This reason aligns with the assertion that contemporary globalization benefits the rich and makes the poor poorer.
- When the state is unable to regulate and redistribute wealth effectively, the rich can exploit global markets and accumulate wealth, while the poor lack protection and resources to improve their economic situation.

In conclusion, the assertion and reason are both true, and the reason provides a logical explanation for the assertion. Globalization, characterized by contemporary capitalism, has resulted in income inequality, with the weakening of the state contributing to the inability to protect the interests of the poor.
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Directions: Based on the case study given below answer the questions that follow.One natural question is what Covid-19 will mean for globalisation. Globalisation is the accelerated flow of goods, people, capital, information, and energy across borders, often enabled by technological developments.Over the past three decades, globalising trends were assumed to be the new normal. Trade without tariffs, international travel with easy or no visas, capital flows with few impediments, cross-border pipelines and energy grids, and seamless global communication in real-time appeared to be the natural endpoints towards which the world was moving, if at different rates for different places.How could Covid-19 impact these trends? There will almost certainly be calls for the re-nationalisation of manufacturing, particularly for what are considered critical or essential goods. The recent bickering over personal protective equipment (PPE) and pharmaceuticals have brought this to the fore. This will further complicate trade agreements, both those in force and those under negotiation.The globalisation of people, including short-term tourist or business traffic, may face new kinds of restrictions.National governments will have to weigh the risks ofcontagious diseases against the benefits of ease of travel or may have to consider stronger safeguards. In turn, the globalisation of finance will be indirectly affected: Less migration and business travel coupled with incentives to invest at home will hinder transactional capital flows.Q. Which of the following is most likely not true about the process of globalisation?

Read the passage given below and answer the questions that follows:While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.Q. In terms of trade, what is the impact of globalisation?

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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: The critics argue that contemporary globalization represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer.Reason: Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer?
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: The critics argue that contemporary globalization represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer.Reason: Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. 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 Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: The critics argue that contemporary globalization represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer.Reason: Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. 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 Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: The critics argue that contemporary globalization represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer.Reason: Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer?.
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