Question 1 - Past Year Questions - 3 Marks - Chapter 4 Class 10 Economics - Globalisation and the Indian Economy - Economics

How can the Government of India play a major role to make globalisation more fair? Explain with examples.

Answer:

Points to Remember

Answer to be written in exam

The government can play a significant role in making the process of globalization fair for everyone.

Steps that government should take to make globalization fair are:

• Government must safeguard the interests of all citizens , not just those who are wealthy and powerful. For example, the government can ensure that labor rules are followed and that workers receive adequate compensation.
• Government should encourage small producers to increase their output until they are capable of competing.
• The government may impose trade and investment barriers in their favor.
• Government can also align with other developing countries with similar interests to fight against the domination of developed countries in the WTO.

*WRITE ANY 3 POINTS