Supposing you find two people arguing: One is saying globalisation has hurt our country's development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?
Globalisation has had both positive and negative impacts on India's development, and both arguments have valid points.
On the positive side, globalisation has given Indian buyers greater choice of goods than before. Markets in India now sell goods produced in many other countries, showing increasing trade with other nations. MNCs are investing in India, and competition has benefited people in India by providing more options and opportunities.
However, there are negative aspects too. Trade between countries is not fair. While developing countries like India have opened their markets, developed countries in many cases have continued to provide protection to their producers. This creates an uneven playing field for Indian producers.
The setting of SEZs has been opposed by some people in India. As development for one may be destructive for others, the impact of imports on local farmers has been a concern.
Therefore, globalisation has mixed effects on India's development. It has helped in some ways while creating challenges in others. A balanced approach is needed to ensure fair development for all sections of society.
Explanation
This question requires a balanced response acknowledging both perspectives. The textbook context mentions positive impacts like greater choice of goods, MNC investments, and competition benefiting people. It also highlights negative aspects like unfair trade practices where developed countries continue protection while developing countries open up, opposition to SEZs, and impact on local farmers. The key is to present both viewpoints and conclude that globalisation has mixed effects.
Solution Steps
Step 1: Identify positive impacts from context - greater choice, MNC investment, competition benefits
Step 2: Identify negative impacts - unfair trade, developed countries' protection, SEZ opposition, impact on local farmers
Step 3: Present balanced view acknowledging both arguments
Step 4: Conclude with need for fair and balanced approach