“Only fair globalisation can give new shape to the world economy”.

Identify the correct statement from the following statements:

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Small producers, workers, etc. have benefited from globalisation

People with education, skill and wealth have made the best use of new opportunities

The government cannot play a major part in globalisation

None of the above

answer is B.

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Detailed Solution

The correct statement is People with education, skill and wealth have made the best use of new opportunities, and thus, the pace for fair globalisation is necessary. To make globalisation more beneficial, it should ensure that its benefits are shared more widely, and government policies must favour the interests of all the people in the country and all the nations (whether developed, developing or underdeveloped). One problem with the globalisation process is that the one who lags behind becomes a victim of the development.

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