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Social Science · 2023 · 5 marks
CBSE 2023 · Region 1 · Set 2 · Q33
(a) How is globalization a multi-dimensional concept? Explain.
(a)
How is globalization a multi-dimensional concept? Explain.
OR
(b)
How is production organized in different countries in globalization? Explain.
Marking-scheme solution
(i) The dimensions of globalization are economic, political, cultural and ecological.
(ii) Globalisation is a flow connecting integration of technology investment, goods and services.
(iii) Liberalisation of foreign trade has resulted in removal of trade barriers and Special Economic Zones (SEZ), Foreign Direct Investment(FDI), disinvestment, privatisation etc. have been started.
(iv) Deregulation and openness of foreign trade and foreign investment vests with the political domain.
(v) Working of MNCs at national and international levels has also promoted globalisation across borders.
(vi) Greater choices have been provided to the consumers with improved quality and lower prices.
(vii) Higher standards of living and better quality of life.
(viii) Spread of new technologies, technical production methods and production standards have been improved.
(ix) Working with WTO and IMF has become possible due to globalisation.
(x) Foreign trade has resulted in connecting markets and integration with different countries.
(xi) Cultural relations with other countries have improved due to globalization.
(b) How is production organized in different countries in globalization? Explain.
(i) MNCs are playing a major role in the globalization process.
(ii) MNCs own or control production in more than one nation.
(iii) MNCs set up offices and factories for production in regions where they can get cheap labour and other resources.
(iv) MNCs setup production jointly with some of the local companies of other countries.
(v) Large MNCs place order for production with small producers under their own brand names and determine quality, price etc.
(vi) MNCs setup production where it is close to market, skilled and unskilled labour and other factors of production.
(vii) Goods and services are produced globally. As a result, production is organized in increasingly complex way.
(viii) The production process is divided into small parts and spread out across the globe.
CBSE Class 10 Social Science past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.