Globalization and Social Change Test - 1

Globalisation has far-reaching effects on everyone, but the impact is different for different people. While it may create new opportunities for some, it can also result in the loss of livelihood for others, as seen in the example of women silk spinners and twisters of Bihar losing their jobs due to the entry of Chinese and Korean silk yarn in the market.

India has never been isolated from the world, as seen in the Silk Route connecting India to great civilisations centuries ago. The colonial period witnessed the greatest movement of people through navigation, with labourers taken away in ships to distant parts of the world.

Indentured labourers work under a restrictive contract of employment for a fixed period in a foreign country in exchange for payment of passage, accommodation, and food. They were widely used as a source of workers from India for employment on sugar plantations in the Caribbean from 1839.

The Indian state put in place laws to protect the Indian market and Indian indigenous businesses from competition of the wider world. However, liberalisation of the economy meant the steady removal of these rules, resulting in greater integration into the global market, which was considered beneficial for the Indian economy.

Transnational corporations are companies that produce goods or market services in more than one country, such as Coca Cola, General Motors, Colgate-Palmolive, Kodak, and Mitsubishi.

The electronic economy refers to the ability of banks, corporations, fund managers, and individual investors to shift funds internationally with the click of a mouse.

The weightless economy or knowledge economy is a term used to describe an economy that is based on the production of products and services that have their base in information, rather than on the physical production and distribution of material goods. This includes products such as software, media, and entertainment products, as well as internet-based services. The weightless economy is characterized by the use of information and communication technologies, and the creation and dissemination of knowledge and information is seen as the key driver of economic growth.

Routine manufacturing production and employment is done in the Third World cities. The new international division of labour involves outsourcing of routine manufacturing production and employment to developing countries, particularly in the Third World cities.

Globalisation and the IT revolution have opened up new career opportunities for the middle class youth from urban centres. Globalisation and the IT revolution have created new career opportunities in the fields of information technology, e-commerce, and other related areas, particularly for the middle class youth from urban centres.

The mixing of local culture with the global culture. Glocalisation refers to the mixing of local and global culture. It is a strategy often adopted by foreign firms to enhance their marketability by taking into account local traditions and customs.

Glocalisation is a term used to describe the adaptation of global products and services to meet the needs and preferences of local markets, which leads to the mixing of global culture with local culture.

Cultural consumption, which includes art, food, fashion, music, and tourism, plays a significant role in shaping the growth of cities. This is evident in the rise of shopping malls, multiplex cinema halls, amusement parks, and other cultural attractions in major cities.

Globalisation and modern development have led to the decline and even extinction of many indigenous craft and literary traditions, as they are unable to compete with modern technologies and mass-produced goods.

Fixed traditional ideas of cultural identity can be used to defend discriminatory practices against women. Cultural identity can be used to defend discriminatory practices against women, such as the defence of sati (widow burning) or the exclusion of women from education and public life.

To adapt global products and services to meet the needs of local markets. The main goal of glocalisation is to adapt global products and services to meet the needs and preferences of local markets, which can lead to the mixing of global culture with local culture.