question_answer

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:

After twenty years, world would undergo a positive change which will proses the following features -

Healthy competition, improved productive efficiency, increased volume of output, income and employment, better living standards, greater availability of information and modern technology.

Reasons for the views given above-These are number of favourable factors for globalisation.

(a) Availability of Human Resources both quantity wise and quality wise.

(b) Broad resource and industrial base of major countries.

(c) Growing entrepreneurship

(d) Growing domestic market

(e) Expanding internal markets

(f) Economic liberalisations

(g) Growing Competition

(h) Transrationalisation of world economy