What is globalisation class 10

• • Page 72: Question 1: What do you understand by globalisation? Explain in your own words. Answer: • Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. • Under globalization the countries that hitherto closed to trade and foreign investment open up their economies and go global. The result is increasing interconnectedness and integration of the economies of the world. • Under globalization more and more goods and services, investments and technology are moving between countries. • In addition to goods, services, investments, and technology, there is a movement of people who move from one country to another in search of better income, better jobs or better education. Question 2: What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers? Answer: (1) The government had put restrictions on the import of goods to protect domestic producers from foreign competition because industries were coming up in the 1950s and 1960s, and competition from imports at that stage would not have allowed these industries to come up. Thus, the government allowed imports of only essential items such as machinery, fertilizers, and petroleum. These restrictions helped to attain technological capability within the country. (2) Starting around 1991,...

CBSE Class 10 History Ch 4 Revision Notes - The Making of A Global World : Find here the revision notes from SST Chapter 3, prepared by subject experts, based on the recent 10th class Social Science 2023-24 revised curriculum. Also download the PDF of these detailed short notes for regular revision. CBSE Class 10 Social Science Revision Notes The Making of A Global World : Globalisation has an extensive background that traces its roots to various factors such as trade, the movement of people in pursuit of employment and food, the flow of capital, and more. Over the course of several decades, the interlinking between different regions of the world has undergone significant development. Chapter 3 of CBSE Class 10 Social Science's History delves into the diverse stages of global integration throughout history. In this article, we have provided detailed short notes for this chapter. These revision notes will play a crucial role in helping candidates prepare for the CBSE 10th class board exams in 2024. Jagran Josh has provided these short notes for CBSE Class 10 SST History Chapter 3 prepared by our subject experts to help students in their exam preparation right from the beginning of the academic year itself. Students can also download these short notes using the link given towards the end of this article. • CBSE Class 10 Social Science Syllabus 2023-24 • CBSE Class 10 Social Science Deleted Syllabus 2023-24 Revision Notes for CBSE Class 10 History Chapter 3 Making of A Global...

• • • • • • • • About what is meant by globalisation class 10 Globalisation refers to the integration of global economics, industries, markets, culture and policies making around the world free from socio-political control and reduces distances between regions/countries through a global network of trade, communication, immigration, and transportation. People Also Read: What is Globalisation and the Indian Economy: meaning, impact, advantages, debate Globalisation can, therefore, be perceived as a phenomenon of the change of economic, technological, socio-cultural and political organisations at local or regional levels to an international system. NCERT Solutions for Class 10 Social Science; NCERT Solutions for Class 10 Maths. Globalisation means integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital and movement of persons across borders. (ii) Export and import of techniques of production. The main characteristics of globalisation are listed below: Fre Trade – Globalisation has helped improve trade volumes between nations with minimal interference. The reason is that governments are not micromanaging every minute aspect of business transactions. How to What is globalisation? – Globalisation – CCEA – BBC Bitesize Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalization is the free movement of people, ...

Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result. It may be pictured as the threads of an immense spider web formed over millennia, with the number and reach of these threads increasing over time. People, money, material goods, ideas, and even disease and devastation have traveled these silken strands, and have done so in greater numbers and with greater speed than ever in the present age. When did globalization begin? Many scholars say it started with Columbus’s voyage to the New World in 1492. People traveled to nearby and faraway places well before Columbus’s voyage, however, exchanging their ideas, products, and customs along the way. The Silk Road, an ancient network of trade routes across China, Central Asia, and the Mediterranean used between 50 B.C.E. and 250 C.E. is perhaps the most well-known early example. As with future globalizing booms, new technologies played a key role in the Silk Road trade. Advances in metallurgy led to the creation of coins; advances in transportation led to the building of roads connecting the major empires of the day; and increased agricultural production meant more food could be trafficked between locales. Along with Chinese silk, Roman glass, and Arabian spices, ideas such as Buddhist beliefs and the secrets of paper-making also spread via these ...

More • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Top 10 Characteristics of Globalisation What is Globalisation? Globalisation enables the coming together of individuals, corporations and resources from different countries. The unique characteristics of Characteristics of Globalisation This concept has enabled economies of scale for companies in production and distribution. It has also encouraged outsourcing and technology transfer among companies and countries, thus increasing their interdependence on each other. The main characteristics of globalisation are listed below: • Free Trade – Globalisation has helped improve trade volumes between nations with minimal interference. The reason is that governments are not micromanaging every minute aspect of business transactions. The Gross Domestic Product (GDP) of countries th...

This chapter deals with globalisation. Here you will get to know the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs). You will further get to know the role that MNCs play in the globalisation process. The final section of the chapter covers the impact of globalisation and the extent to which globalisation contributed to the development process. In Globalisation and the Indian Economy • • • • Download PDF In a matter of years, our markets have transformed. Production Across Countries Trade was the main channel connecting distant countries. Large companies, which are now called Multinational Corporations (MNCs), play a major role in trade. An MNC is a company that owns or controls production in more than one nation. MNCs set up offices and factories for production in regions where they can get cheap labour and other resources so that the company can earn greater profits. Interlinking Production Across Countries The money that is spent on buying assets such as land, building, machines and other equipment is called investment. An investment made by MNCs is called a foreign investment. MNCs are exerting a strong influence on production at these distant locations. As a result, production in these widely dispersed locations is getting interlinked. There are a variety of ways, as mentioned below, in which MNCs are spreading their production and interacting with local producers in various countries across the globe. •...

Globalisation Globalisation is a complicated phenomenon that aims to increase global interdependence and integration by establishing networks and activities that cross economic, social, and geographical boundaries, resulting in a world without borders. • Globalisation is a notion that deals with numerous types of fluxes within different parts of the world, such as ideas, capital, commodities, people, and so on • These continuous flows are what give rise to and keep ‘global interconnectivity’ alive • Globalisation is a multifaceted notion that encompasses political, economic, and cultural aspects Causes of Globalisation: • Technology will continue to play an integral role in supporting Globalisation. Telephones, the internet, and other innovations have transformed communication and facilitated links • Technological advancements have made it feasible for ideas, capital, commodities, and people to travel more readily from one corner of the world to another • People’s realisation that the globe is interconnected and occurs in one location affects other politically different spaces Impacts of Globalisation: Political Consequences: • The government’s capacity to fulfil its job is eroded as a result of Globalisation (that is erosion of state capacity) • Welfare states are now being turned into minimalist states, with an emphasis on essential services such as law and order, rather than welfare-directed economic and social well-being criteria • The market, rather than welfare goals...

Social Science Class 10 Important Questions Economics Chapter 4 Globalisation and the Indian Economy Class 10 Important Questions Question 1. What are Multi-National Corporations (MNCs)? Answer: A Multi-National Corporation (MNC) is a company that owns or controls production in more than one nation. The goods and services are produced globally. The production process is divided into small parts and spread out across the globe. Question 2. Explain ‘what is investment? Give a few examples of investment. Answer: Investment is buying of an asset in the form of a factory, a machine, land and building, etc. (Physical assets) or shares (monetary assets) for the purpose of making or sharing profits of the enterprises concerned. Common investments are: buying land, factories, machines for faster production, buying small local companies to expand production, cheap labour, skilled engineers, IT personnel, etc. Question 3. In which year did the government decide to remove barriers on foreign trade and investment in India? (2011 D) Answer: 1991 Question 4. Why is ‘tax’ on imports known as a trade barrier? (2011 OD) Answer: Tax on imports is known as a trade barrier because it increases the price of imported commodities. It is . called a barrier because some restriction has been set up. Question 5. Which organization lays stress on liberalization of foreign trade and foreign investment? (2014 D, 2012 OD) Answer: World Trade Organization (W.T.O). Question 6. Give one characteristic featu...