Globalisation — Part 2: Economy, Culture, India and Resistance: visual lesson, CBSE Class 12 Political Science

Lesson

Globalisation: economy, culture and resistance

Part 2 — economic and cultural effects, India's experience and resistance.

In this lesson you will

Evaluate the economic consequences of globalisation from both sides
Distinguish cultural homogenisation and heterogenisation
Describe India's experience of globalisation from colonial times to the 1991 reforms and after
Explain resistance to globalisation, including the World Social Forum

Part 2 at a glance

Diagram

Lower barriers, more trade and investment, a big role for the IMF and WTO.

Compare

The economic debate has two sides and a large middle ground.

Supporters: faster growth, more jobs, cheaper goods, new technology.

Critics: unequal gains, squeezed small producers, weaker safety nets, outside influence on policy.

Most scholars take a middle position.
Supporters say	Critics say
Faster growth and more jobs	Gains go mainly to the better-off
Cheaper goods and wider choice	Small producers cannot compete
New technology arrives	Safety nets for the poor weaken
Countries learn from each other	Outside bodies shape national policy