Question 9

Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.

Answer

Globalization will continue in the future as well. Twenty years from now :

- Productive efficiency will be improved
- Competition in the market will increased
- Quality of the goods will be improved
- Trade and capital flows will increase
- Advancement in every field will be evident This will occur because twenty years from now we will find further strengthening of the forces of globalization. Liberalization will get augmented and trade barriers will further be nreduced. MNCs will converge with other companies producing the same goods.

Popular Questions of Class 10 Social Science - Understanding Economic Development

Recently Viewed Questions of Class 10 Social Science - Understanding Economic Development

Write a Comment: