Question

(a) "Technology is the vital force in the modern form of globalisation." Explain the statement with suitable examples.

Accepted Answer

(i) Technology has been changing rapidly. (ii) Telecommunication facilities (telegraph, telephone including mobile phones, fax) are used to contact and access information. (iii) Helps to communicate from remote areas. (iv) Development of satellite communication devices. (v) Computers have now entered almost every field of activity. (vi) One can obtain and share information through Internet. (vii) Electronic mail (e-mail) and talk (voice-mail) across the world at negligible costs. (viii) Has played a major role in spreading out production of services across countries. Or ‘‘The impact of globalization has not been uniform.’’ Explain the b) statement with suitable examples. (i) Globalization has resulted in more choices for the consumers. (ii) This has improved the standard of living of some people. (iii) MNCs have increased their investments in some developing countries like India (iv) New technological developments in industries such as cell-phones, automobiles, electronics, soft drinks, etc. (v) New jobs have been created in many developing countries. (vi) Some local companies that supply raw materials to MNCs have also benefited. (vii) Some local companies in countries like India have been able to invest in newer technology and production methods. (viii) Globalization has enabled some large companies such as Tata Motors, Infosys to emerge as Multinational Companies. (ix) Companies providing services have also benefited by globalization. (x) Flexibility in labour laws has resulted in worsening the condition of workers. (xi) Globalization has hit the small producers because they are unable to compete with MNCs (xii) Expansion of unorganized sector.

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