Globalisation Test - 2

Manmohan Singh served as the finance minister during the 1991 economic reforms. He was the finance minister in the PV Narasimha Rao government. Manmohan Singh is the 13th Prime Minister of India (2004 to 2014).

While globalisation is not caused by any single factor, technology remains a critical element. There is no doubt that the invention of the telegraph, the telephone, and the microchip in more recent times has revolutionised communication between different parts of the world. When printing initially came into being it laid the basis for the creation of nationalism. So today we should expect that technology will affect the way we think of our personal but also our collective lives.

The fourth WSF meeting was held in Mumbai in 2004.

Resistance to globalisation has also come from the political right. This has taken the form of objecting particularly to various cultural influences — ranging from the availability of foreign T.V. channels provided by cable networks, the celebration of Valentine’s Day, and westernization of the dress tastes of girl students in schools and colleges.

In 1991, the government started to remove barriers on foreign trade and foreign investment.

The World Social Forum (WSF) is another global platform, which brings together a wide coalition composed of human rights activists, environmentalists, labour, youth and women activists opposed to neo-liberal globalisation.

The impact of globalisation is vastly uneven — it affects some societies more than others and some parts of some societies more than others — and it is important to avoid drawing general conclusions about the impact of globalisation without paying sufficient attention to specific contexts.

Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor. Critics of globalisation from the political right express anxiety over the political, economic and cultural effects. In political terms, they also fear the weakening of the state. 

While globalisation is not caused by any single factor, technology remains a critical element. There is no doubt that the invention of the telegraph, the telephone, and the microchip in more recent times has revolutionised communication between different parts of the world. When printing initially came into being it laid the basis for the creation of nationalism. So today we should expect that technology will affect the way we think of our personal but also our collective lives. So, the Globalisation is about worldwide interconnectedness.

The first WSF meeting was organised in Porto Alegre, Brazil in 2001.