+2 votes
in Class 10 by kratos

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

1 Answer

+2 votes
by kratos
 
Best answer

(i) Fair globalisation would create opportunities for all, and also ensure that the benefits of globalisation are shared better.

(ii) The government can play a major role in making this possible.

(iii) Government can ensure that labour laws are properly implemented and the workers get their rights.

(iv) It can support small producers to improve their performance till the time they become strong enough to compete.

(v) It can negotiate with WTO for fairer rules.

(vi) It can also align with other developing countries with similar interests to ***** against the domination of developed countries in WTO.

(vii) If necessary, the government can use trade and investment barriers.

...