Conclusion - Concepts - Chapter 4 Class 10 Economics - Globalisation and the Indian Economy - Economics

Last updated at Dec. 13, 2024 by

CONCLUSION 

  • This chapter concluded the current phase of globalization . 
  • MNCs are actively contributing to the process of globalization . Rapid technological advancement fostered the process of globalization .
  • The WTO has pressured developing nations to liberalize trade and investment at the international level. 
  • While wealthy customers and skilled, educated, and wealthy producers have profited from globalization , many small producers and workers have suffered as a result of the increased competition.
  •   Fair globalization would open up opportunities for everyone and ensure that the advantages of globalizatio n are distributed more fairly.
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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science and Computer Science at Teachoo