Question

Choose the most appropriate option. Globalisation has led to improvement in living conditions

• A. of all the people
• B. of people in developed countries
• C. of workers in the developing countries
• D. none of the above

Answer 1

The correct option is D

none of the above

Fair globalisation means the benefits of globalisation are shared in a better way and there are better opportunities for all. However, globalisation has not benefited everyone.

• The best use of new opportunities thrown open by globalization, were done by people with better skills, wealth and education.
• On the other hand, there are plenty of people who have not received similar benefits.
• To have a uniform impact of globalization, the governments can play a major role.
• At WTO, to prevent the domination of developed countries, Governments of developing countries can cooperate with each other.
• For rules which are fair, Governments can negotiate with WTO and even use investment and trade barriers.