Q7 of 8 Page 130

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

If trade continues the way it is then after 20 years there will be more integration of markets.

1. capital flows will increase in either side of nations.


2. The competition will increase in the market, and the quality of goods will also increase. Hence this will help the consumers.


3. Migration towards other nations will increase.


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4

Why do developed countries want developing countries to liberalize their trade and investment? What do you think should the developing countries demand in return?

 5

“The impact of globalization has not been uniform.” Explain this statement.

 6

How has liberalization of trade and investment policies helped the process of globalization?

 8

Locate the following in the map of the world.

i) china ii) japan iii) Brazil iv) South Africa