Globalisation and the Indian Economy
Class 10 · Social Science · 46 Questions
Complete the following statement to show how the production process in the garment industry is spread across countries. The brand tag says 'Made in Thailand' but they are not Thai products. We dissect the manufacturing process and look for the best solution at each step. We are doing it globally. In making garments, the company may, for example, get cotton fibre from Korea, ...
Would you say Ford Motors is a MNC? Why?
What is foreign investment? How much did Ford Motors invest in India?
By setting up their production plants in India, MNCs such as Ford Motors tap the advantage not only of the large markets that countries such as India provide, but also the lower costs of production. Explain the statement.
Why do you think the company wants to develop India as a base for manufacturing car components for its global operations? Discuss the following factors:
In what ways will the production of cars by Ford Motors in India lead to interlinking of production?
In what ways is a MNC different from other companies?
Nearly all major multinationals are American, Japanese or European, such as Nike, Coca-Cola, Pepsi, Honda, Nokia. Can you guess why?
What was the main channel connecting countries in the past? How is it different now?
Distinguish between foreign trade and foreign investment.
In recent years China has been importing steel from India. Explain how the import of steel by China will affect:
How will the import of steel from India into the Chinese markets lead to integration of markets for steel in the two countries? Explain.
What is the role of MNCs in the globalisation process?
What are the various ways in which countries can be linked?
Choose the correct option. Globalisation, by connecting countries, shall result in
In the above example, underline the words describing the use of technology in production.
How is information technology connected with globalisation? Would globalisation have been possible without expansion of IT?
What do you understand by liberalisation of foreign trade?
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.
Fill in the blanks. WTO was started at the initiative of _____ countries. The aim of the WTO is to _____. WTO establishes rules regarding _____ for all countries, and sees that _____. In practice, trade between countries is not _____. Developing countries like India have _____, whereas developed countries, in many cases, have continued to provide protection to their producers.