Class 10 > Social Studies (SST) Class 10 > Globalisation Pros & Cons
Globalisation Pros & Cons Video Lecture - Social Studies (SST) Class 10
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FAQs on Globalisation Pros & Cons Video Lecture - Social Studies (SST) Class 10
| 1. What is globalization and what are its advantages? |  |
Ans. Globalization refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and cultures. Its advantages include promoting economic growth, creating job opportunities, increasing access to new markets, and fostering cultural exchange and understanding.
| 2. How does globalization impact the economy? | |
Ans. Globalization has both positive and negative impacts on the economy. It can lead to increased trade and investment, which stimulates economic growth. It also allows countries to specialize in the production of goods and services in which they have a comparative advantage. However, it can also result in job losses in certain industries and widen the income gap between the rich and the poor.
| 3. What are the potential drawbacks of globalization? | |
Ans. Globalization can have negative consequences such as job outsourcing, wage stagnation, and exploitation of workers in developing countries. It can also lead to environmental degradation due to increased production and consumption. Additionally, globalization can contribute to the loss of cultural diversity and the dominance of multinational corporations.
| 4. How does globalization affect cultural exchange? | |
Ans. Globalization facilitates cultural exchange by enabling the spread of ideas, information, and cultural products across borders. It allows people to experience different cultures through travel, migration, and access to global media. However, there is a concern that globalization can lead to the homogenization of cultures and the erosion of traditional customs and values.
| 5. How does globalization impact developing countries? | |
Ans. Globalization can have both positive and negative effects on developing countries. On one hand, it can attract foreign direct investment, promote technology transfer, and provide access to new markets, which can contribute to economic development. On the other hand, it can lead to increased inequality, exploitation of labor, and vulnerability to economic crises. Developing countries may also face challenges in protecting their domestic industries and preserving cultural identities.
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