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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.
Community Answer
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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