Practice Questions

Globalization is the integration of economies worldwide. 
It involves the increasing interconnectedness of countries through the movement of goods, services, capital, information, and people across borders.
Globalization describes the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries.

Globalization primarily involves the integration of the world economy through trade, technology, and investment.
Globalization describes the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. 
Countries have built economic partnerships to facilitate these movements over many centuries.

Integration of the world economy through trade, technology and investment

India introduced economic reforms leading to globalization in 1991. 
These reforms, initiated by the government of Prime Minister P.V. Narasimha Rao, aimed to liberalize the economy and integrate it with the global market.
The economic reforms in India in 1991 led to the liberalisation of the economy and significant improvement in its growth rate. These reforms started under the then Prime Minister of India, Narasimha Rao, and it had three main objectives – Liberalisation, Privatisation and Globalisation (LPG).

Globalization is increasing international interdependence and trade. 
Globalization refers to the growing interconnectedness and integration of economies, societies, and cultures worldwide.
Globalization describes the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information

Increasing international interdependence and trade

Globalization enhanced competition and access to global markets for Indian agriculture after 1991.
globalization aims to accelerate economic growth through liberalization and privatization, it has negatively impacted Indian farmers and agriculture.
 Farmers now face lower output prices, higher input costs, less government support and subsidies, and increased competition from imports. 
This has led to rising farmer indebtedness, poverty, and even suicide in some cases. While globalization provides opportunities for increased exports, Indian agriculture has struggled with quality issues, production costs, and a lack of infrastructure to effectively compete globally.
 Overall challenges remain for Indian farmers and agriculture under globalization.

Enhanced competition and access to global markets

The Information Technology (IT) sector in India has benefited the most from globalization
The growth of the IT sector significantly contributed to India's GDP and employment. 
IT also benefited from FDI, improved telecommunication, and internet penetration due to globalization.
Globalization has been a transformative force across the world, reshaping economies, industries, and societies. 
Among the many sectors that have flourished in this interconnected global environment, the Indian IT industry stands out as a prime example of how globalization can propel a nation's economic and technological growth.
 The relationship between globalization and the Indian IT sector is indeed symbiotic, with each influencing and driving the other to new heights. 
This blog delves into the intertwined history of globalization and the Indian IT industry, exploring how they have evolved together and the impact they have had on each other.

globalisation is enabled with advanced technology.
It promises better future prospects for large industries of developing countries.
It provides greater access to global markets.
Socially, globalization has facilitated the exchange of ideas and cultures, contributing to a world view in which people are more open and tolerant of one another.

It promises better future prospects for large industries of developing countries

It compromises the welfare of the people of the developing countries

It provides greater access to global markets

യഥാർഥ ദേശീയ വരുമാനം

<ul style="color: rgb(255,255,255);">
<li>ആഗോളവൽക്കരണം - ആഭ്യന്തര സമ്പദ്ഘടനയെ ലോക സമ്പദ്ഘടനയും ആയി സംയോജിപ്പിക്കുന്നതിനെ പറയുന്നത്&nbsp;</li>
<li>രാജ്യത്തിന്റെ അതിർത്തികൾ കടന്നുള്ള മൂലധന പ്രവാഹം , തൊഴിലാളികളുടെ ഒഴുക്ക് ,സാങ്കേതിക വിദ്യയുടെ കൈമാറ്റം ,സാധനങ്ങളുടെയും സേവനങ്ങളുടെയും ഒഴുക്ക് എന്നിവ ഇതിന്റെ ഭാഗമാണ്&nbsp;</li>
<li>സ്വകാര്യവൽക്കരണം - പൊതുമേഖലാ സ്ഥാപനങ്ങളുടെ ഉടമസ്ഥാവകാശമോ നിർവ്വഹണ ചുമതലയോ സ്വകാര്യ മേഖലയ്ക്ക് കൈമാറുന്നത് അറിയപ്പെടുന്നത്&nbsp;</li>
<li>ഉദാരവൽക്കരണം - സാമ്പത്തിക പ്രവർത്തനങ്ങളെ നിയന്ത്രിച്ചിരുന്ന നിയമങ്ങളും നയങ്ങളും ഒഴിവാക്കി സമ്പദ് വ്യവസ്ഥയുടെ വിവിധമേഖലകൾ തുറന്നു കൊടുക്കുന്നത് അറിയപ്പെടുന്നത്&nbsp;</li>
</ul>

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