Factors that Have Enabled Globalisation
Factors that Have Enabled Globalisation: Overview
In this topic, students will discuss the factors that enabled globalisation. They will study the growth of information and communication technology and liberalisation of foreign trades and investment policies, which lead to ease of work globally.
Important Questions on Factors that Have Enabled Globalisation
How has liberalisation of trade and investment policies helped the globalisation process?
Tax on imports is one type of trade barrier. The government could also place a limit on the number of goods that can be imported. This is known as quotas. Can you explain, using the example of Chinese toys, how quotas can be used as trade barriers? Do you think this should be used? Discuss.
What do you understand by liberalisation of foreign trade?
What were the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
