Choose the given statement is True/False

Globalisation can not be made fairer by the government.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
The government can play an important role in fairer globalisation through policy making. Accordingly, the government's policies should equally protect the interests of all its citizens, rich or poor. Globalisation should not be beneficial to only the top few individuals. They should also see that labour laws are protected and workers enjoy a better standard of living. They should also help and protect small and newly established firms from the competition with global products. They should also use trade and investment barriers to safeguard these industries. Not taking any steps towards fairer globalisation will make countries vulnerable.
The correct statement would be that the government can make globalisation fairer.

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