economicsChoose given statement True/False:Fair Globalisation refers to the state or environment where the benefits of Globalisation are distributed equally among all developed and developing nations

Choose given statement True/False:


Fair Globalisation refers to the state or environment where the benefits of Globalisation are distributed equally among all developed and developing nations


  1. A
    True
  2. B
    False 

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    Solution:

    The above statement is true.
    Fair Globalisation refers to the state or environment where the benefits of Globalisation are distributed equally among all developed and developing nations. The government has a significant role in ensuring such a state. It can work to ensure its labour laws are implemented correctly, or subsidies are provided to the small manufacturers to increase their productivity. Due to Globalisation, large and profitable Multinational Corporations have prospered, while small domestic manufacturers have been severely hit. Thus, the need of the hour is not Globalisation but fair Globalisation.
     
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