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FAQs on The Making Of Global World. - Class 10
| 1. What is the concept of globalization? |  |
Ans. Globalization refers to the process of interaction and integration among people, companies, and governments of different nations. It involves the exchange of goods, services, ideas, and cultures across national borders, leading to increased interconnectedness and interdependence in various aspects of life.
| 2. How did globalization impact the world economy? | |
Ans. Globalization has had a significant impact on the world economy. It has facilitated the expansion of international trade, leading to increased economic growth and prosperity in many countries. It has also allowed companies to access larger markets, promote efficiency through specialization, and benefit from technological advancements and global supply chains.
| 3. What are the positive effects of globalization? | |
Ans. Globalization has brought several positive effects. It has promoted economic growth, generated employment opportunities, and improved living standards in many countries. It has facilitated the exchange of knowledge and ideas, fostering innovation and cultural diversity. Moreover, globalization has enhanced access to education, healthcare, and technology, benefiting individuals worldwide.
| 4. What are the concerns associated with globalization? | |
Ans. While globalization has its benefits, it also raises concerns. One major concern is the growing income inequality, where the benefits of globalization are not evenly distributed among all individuals and countries. Globalization can also lead to the exploitation of labor and resources, environmental degradation, and the loss of cultural identity. Additionally, it can contribute to financial instability and economic dependency.
| 5. How does globalization impact cultural diversity? | |
Ans. Globalization has both positive and negative impacts on cultural diversity. On one hand, it allows for the exchange of cultural practices, ideas, and values, promoting cultural understanding and awareness. On the other hand, it can lead to the dominance of certain cultures, erosion of traditional practices, and the homogenization of global culture. It is important to strike a balance between preserving cultural diversity and embracing the advantages of globalization.
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