Choose the given statement is True/False:

Since uneducated and unskilled labourers might not benefit equivalently from globalisation, the government can take steps in maximising social welfare.

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True

False

answer is A.

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Detailed Solution

It is true. Since the benefits of globalisation do not accrue to those who are uneducated and unskilled, There are specific measures that the government can take to ensure social welfare like :
1)      It should promote and prepare policies that place the rich and the poor on the same level in the eyes of the law and the approaches to reduce the disparity.
2)      The government should implement labour laws and ensure that the labourers get equal wages and rights.
3)      Production of certain items can be restricted to medium, small and local enterprises.
4)      Various barriers like quotas and import duties can be removed to promote trade and investment.

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