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Globalisation has created new opportunities of:
  • a)
    employment
  • b)
    emerging multinationals
  • c)
    providing services
  • d)
    all of the above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Globalisation has created new opportunities of:a)employmentb)emerging ...
Globalisation has created new opportunities of employment, emerging multinationals and providing service.
There are several advantages of globalisation. Several new opportunities are available now. As new MNCs set up offices in a country, employment is generated. New opportunities are also generated for the service sector, particularly the IT field. Moreover, several services are done at a low rate in India and exported to different countries. Emerging multinationals have also gained quite a lot from the opportunities created by globalisation. They have invested in new technology and also raised their production standards. Some companies have gained from collaborations with the MNCs, while some have emerged as multinationals themselves. Thus, all the options given in the question are correct.
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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. Keeping in view, the recent crisis over Pharmaceuticals, Covid 19 is most likely to disrupt the process of globalisation in terms of flow of goods between nations by

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Globalisation has created new opportunities of:a)employmentb)emerging multinationalsc)providing servicesd)all of the aboveCorrect answer is option 'D'. Can you explain this answer?
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