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How does globalisation affect different people?
  • a)
    It affects everyone in the same way
  • b)
    It affects everyone differently
  • c)
    It affects only people in developed countries
  • d)
    It affects only people in developing countries
Correct answer is option 'B'. Can you explain this answer?
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How does globalisation affect different people?a)It affects everyone i...
Globalisation has far-reaching effects on everyone, but the impact is different for different people. While it may create new opportunities for some, it can also result in the loss of livelihood for others, as seen in the example of women silk spinners and twisters of Bihar losing their jobs due to the entry of Chinese and Korean silk yarn in the market.
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How does globalisation affect different people?a)It affects everyone i...
Understanding Globalisation's Impact
Globalisation is a multifaceted phenomenon that influences individuals and communities in diverse ways. Its effects vary significantly based on geographical, economic, and social contexts.

Economic Opportunities
- **Developed Countries**: Individuals may experience job creation in high-tech sectors but face job losses in traditional manufacturing due to outsourcing.
- **Developing Countries**: People often find employment in global supply chains but may encounter low wages and poor working conditions.

Social and Cultural Effects
- **Cultural Exchange**: Globalisation fosters cultural exchange, enabling people to experience diverse customs, languages, and lifestyles.
- **Cultural Homogenisation**: Conversely, it can lead to the dominance of certain cultures, sparking concerns about the loss of local traditions.

Access to Resources
- **Information and Technology**: Globalisation enhances access to information and technology, benefiting educated individuals who can leverage these tools.
- **Digital Divide**: Those in remote or impoverished areas may struggle to access these resources, widening the gap between different social groups.

Environmental Consequences
- **Resource Exploitation**: Globalisation can lead to environmental degradation as countries exploit natural resources to meet global demand.
- **Global Awareness**: On the positive side, it encourages global awareness of environmental issues, prompting collective action.

Conclusion
The impact of globalisation is not uniform; it shapes experiences based on various factors such as location, economic status, and social conditions. Understanding these nuances is crucial for addressing the challenges and opportunities that arise in an interconnected world.
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Direction: Read the case study given below and answer the questions that follow:In 1948, to liberalise the world from high customs tariffs and various other types of restrictions, General Agreement for Tariffs and Trade (GATT) was formed by some countries. In 1994, it was decided by the member countries to set up a permanent institution for looking after the promotion of free and fair trade amongst nation and the GATT was transformed in to the World Trade Organisation from 1st January 1995. WTO is the only international organisation dealing with the global rules of trade between nations. It sets the rules for the global trading system and resolves disputes between its member nations. WTO also covers trade in services, such as telecommunication and banking, and others issues such as intellectual rights. The WTO has however been criticised and opposed by those who are worried about the effects of free trade and economic globalisation. It is argued that free trade does not make ordinary people’s lives more prosperous. It is actually widening the gulf between rich and poor by making rich countries more rich. This is because the influential nations in the WTO focus on their own commercial interests. Moreover, many developed countries have not fully opened their markets to products from developing countries. It is also argued that issues of health, worker’s rights, child labour and environment are ignored.Why was GATT abolished?

Direction: Read the case study given below and answer the questions that follow:In 1948, to liberalise the world from high customs tariffs and various other types of restrictions, General Agreement for Tariffs and Trade (GATT) was formed by some countries. In 1994, it was decided by the member countries to set up a permanent institution for looking after the promotion of free and fair trade amongst nation and the GATT was transformed in to the World Trade Organisation from 1st January 1995. WTO is the only international organisation dealing with the global rules of trade between nations. It sets the rules for the global trading system and resolves disputes between its member nations. WTO also covers trade in services, such as telecommunication and banking, and others issues such as intellectual rights. The WTO has however been criticised and opposed by those who are worried about the effects of free trade and economic globalisation. It is argued that free trade does not make ordinary people’s lives more prosperous. It is actually widening the gulf between rich and poor by making rich countries more rich. This is because the influential nations in the WTO focus on their own commercial interests. Moreover, many developed countries have not fully opened their markets to products from developing countries. It is also argued that issues of health, worker’s rights, child labour and environment are ignored.Why was GATT formed?

Direction: Read the case study given below and answer the questions that follow:In 1948, to liberalise the world from high customs tariffs and various other types of restrictions, General Agreement for Tariffs and Trade (GATT) was formed by some countries. In 1994, it was decided by the member countries to set up a permanent institution for looking after the promotion of free and fair trade amongst nation and the GATT was transformed in to the World Trade Organisation from 1st January 1995. WTO is the only international organisation dealing with the global rules of trade between nations. It sets the rules for the global trading system and resolves disputes between its member nations. WTO also covers trade in services, such as telecommunication and banking, and others issues such as intellectual rights. The WTO has however been criticised and opposed by those who are worried about the effects of free trade and economic globalisation. It is argued that free trade does not make ordinary people’s lives more prosperous. It is actually widening the gulf between rich and poor by making rich countries more rich. This is because the influential nations in the WTO focus on their own commercial interests. Moreover, many developed countries have not fully opened their markets to products from developing countries. It is also argued that issues of health, worker’s rights, child labour and environment are ignored.When was GATT transformed in WTO?

Direction: Read the case study given below and answer the questions that follow:In 1948, to liberalise the world from high customs tariffs and various other types of restrictions, General Agreement for Tariffs and Trade (GATT) was formed by some countries. In 1994, it was decided by the member countries to set up a permanent institution for looking after the promotion of free and fair trade amongst nation and the GATT was transformed in to the World Trade Organisation from 1st January 1995. WTO is the only international organisation dealing with the global rules of trade between nations. It sets the rules for the global trading system and resolves disputes between its member nations. WTO also covers trade in services, such as telecommunication and banking, and others issues such as intellectual rights. The WTO has however been criticised and opposed by those who are worried about the effects of free trade and economic globalisation. It is argued that free trade does not make ordinary people’s lives more prosperous. It is actually widening the gulf between rich and poor by making rich countries more rich. This is because the influential nations in the WTO focus on their own commercial interests. Moreover, many developed countries have not fully opened their markets to products from developing countries. It is also argued that issues of health, worker’s rights, child labour and environment are ignored.When will GATT come into effect?

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. Where does economic globalisation draw our attention to?

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How does globalisation affect different people?a)It affects everyone in the same wayb)It affects everyone differentlyc)It affects only people in developed countriesd)It affects only people in developing countriesCorrect answer is option 'B'. Can you explain this answer?
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How does globalisation affect different people?a)It affects everyone in the same wayb)It affects everyone differentlyc)It affects only people in developed countriesd)It affects only people in developing countriesCorrect 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 How does globalisation affect different people?a)It affects everyone in the same wayb)It affects everyone differentlyc)It affects only people in developed countriesd)It affects only people in developing countriesCorrect 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 How does globalisation affect different people?a)It affects everyone in the same wayb)It affects everyone differentlyc)It affects only people in developed countriesd)It affects only people in developing countriesCorrect answer is option 'B'. Can you explain this answer?.
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