Choose whether the statement is true/false:

Flexibility in labour laws is an example of globalisation.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
One of the reasons why labour laws are made flexible is to make trade more beneficial for companies by reducing costs. With Flexibility, they can choose whether to hire workers on a contractual or permanent basis. So, this is helping in removing the trade barriers, and thus Flexibility in labour laws becomes an example of liberalisation. On the contrary, globalisation connects the country’s economy with the world economy. An example of globalisation is a car manufacturer in the USA getting the parts needed for his car from India, Japan, and China. Hence the correct statement would be, Flexibility in labour laws is not an example of globalisation.

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