How can the government ensure that globalisation is fair and its benefits are shared in a better way by all ?

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How can the government ensure that globalisation is fair and its benefits are shared in a better way by all ?

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How can the government ensure that globalisation is fair and its benef...

Ensuring Fairness in Globalisation and Equitable Distribution of Benefits

Introduction

Globalisation is the process of integration and interdependence of economies, societies and cultures across the world. While it has brought about immense economic growth and development, it has also created a large wealth gap between the rich and the poor. To ensure that globalisation is fair and its benefits are shared in a better way by all, governments can take the following steps:

Regulating Corporations

Corporations have a significant impact on the global economy. Governments can regulate corporations to ensure that they do not exploit workers, harm the environment, or engage in unethical practices. This can be achieved through laws, regulations, and trade agreements that hold corporations accountable for their actions.

Investing in Education and Training

Investing in education and training can help individuals acquire the necessary skills to succeed in a globalised economy. Governments can provide access to education and vocational training to ensure that all individuals have equal opportunities to benefit from globalisation.

Protecting Workers' Rights

Workers' rights are often neglected in the race to attract foreign investment. Governments can enact laws and regulations that protect workers' rights, including minimum wage laws, safe working conditions, and the right to unionise.

Redistributing Wealth

The benefits of globalisation are not distributed equally among all individuals. Governments can implement policies that redistribute wealth, such as progressive taxation, social welfare programs, and subsidies for small businesses.

Providing Access to Healthcare

Access to healthcare is a fundamental human right. Governments can ensure that all individuals have access to healthcare by providing universal healthcare coverage, regardless of their income or social status.

Conclusion

Globalisation has the potential to bring about significant economic growth and development. However, governments must ensure that it is fair and that its benefits are shared in a better way by all. By regulating corporations, investing in education and training, protecting workers' rights, redistributing wealth, and providing access to healthcare, governments can create a more equitable and just global economy.

Answered by Dr Manju Sen · View profile

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How can the government ensure that globalisation is fair and its benef...

The government ensure that globalisation is fair and its benefit are shared in a better way by all in the following ways:

1.The proper implementation of labour laws should be ensured by the government. It should ensure that the workers get their rights.

2. The small producer should be supported so that they can improve their performance until they are strong enough to compete.

3. Government can also use trade and investment barriers to protect the interest of its people.

4. Government can negotiate with WTO for fairer rules.

I hope it's helpful for us.....

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Read the extract given below and answer the questions that follows:Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. Globalisation has created more competitive environment in India. In the past two to three decades, more and more MNCs have been looking for locations around the world which would be cheap for their production. Foreign investment by MNCs in these countries has been rising. At the same time, foreign trade between countries has been rising rapidly. A large part of the foreign trade is also controlled by MNCs. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries. Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. This is through the movement of people between countries. People usually move from one country to another in search of better income, better jobs or better education. Rapid improvement in technology has been one major factor that has stimulated the Globalisation process. Even more remarkable have been the developments in information and communication technology. Globalisation and greater competition among producers - both local and foreign producers - has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower prices for several products. As a result, these people today, enjoy much higher standards of living than was possible earlier. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.Answer the following MCQs by choosing the most appropriate optionQ. Globalisation has created new opportunities of

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Read the extract given below and answer the questions that follows:Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. Globalisation has created more competitive environment in India. In the past two to three decades, more and more MNCs have been looking for locations around the world which would be cheap for their production. Foreign investment by MNCs in these countries has been rising. At the same time, foreign trade between countries has been rising rapidly. A large part of the foreign trade is also controlled by MNCs. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries. Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. This is through the movement of people between countries. People usually move from one country to another in search of better income, better jobs or better education. Rapid improvement in technology has been one major factor that has stimulated the Globalisation process. Even more remarkable have been the developments in information and communication technology. Globalisation and greater competition among producers - both local and foreign producers - has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower prices for several products. As a result, these people today, enjoy much higher standards of living than was possible earlier. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.Answer the following MCQs by choosing the most appropriate optionQ. Process of integration of different countries is called

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Read the extract given below and answer the questions that follows:Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. Globalisation has created more competitive environment in India. In the past two to three decades, more and more MNCs have been looking for locations around the world which would be cheap for their production. Foreign investment by MNCs in these countries has been rising. At the same time, foreign trade between countries has been rising rapidly. A large part of the foreign trade is also controlled by MNCs. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries. Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. This is through the movement of people between countries. People usually move from one country to another in search of better income, better jobs or better education. Rapid improvement in technology has been one major factor that has stimulated the Globalisation process. Even more remarkable have been the developments in information and communication technology. Globalisation and greater competition among producers - both local and foreign producers - has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower prices for several products. As a result, these people today, enjoy much higher standards of living than was possible earlier. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.Answer the following MCQs by choosing the most appropriate optionQ. Globalisation has posed major challenges for

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Read the extract given below and answer the questions that follows:Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. Globalisation has created more competitive environment in India. In the past two to three decades, more and more MNCs have been looking for locations around the world which would be cheap for their production. Foreign investment by MNCs in these countries has been rising. At the same time, foreign trade between countries has been rising rapidly. A large part of the foreign trade is also controlled by MNCs. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries. Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. This is through the movement of people between countries. People usually move from one country to another in search of better income, better jobs or better education. Rapid improvement in technology has been one major factor that has stimulated the Globalisation process. Even more remarkable have been the developments in information and communication technology. Globalisation and greater competition among producers - both local and foreign producers - has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower prices for several products. As a result, these people today, enjoy much higher standards of living than was possible earlier. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.Answer the following MCQs by choosing the most appropriate optionQ. Globalisation has led to higher standards of living of

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Which one of the following is not trueregarding impact of globalisation of India?[2011 (T-2)]

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How can the government ensure that globalisation is fair and its benefits are shared in a better way by all ?

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