Question

1.)The Asia Pacific and South Asia as

●    an object of globalization

discuss that perspective( an object of globalization) by elaborating three situations/examples.

2.)How can you explain the trends in economic inequality happening in the world today.

●    How is inequality within countries increasing?

●    How is inequality across countries decreasing?

Answer 1

An object of globalization:-

Globalisation refers to growing economic interdependence among countries in the world with regard to technology, capital, information, goods, services, etc

A. Globalisation aimed secure socio- economic integration

B.development of all the people of the world through a free flow of goods, services, information, knowledge and people across all boundaries.

Some situations / Examples where Globalizations found are :-

Communication

Transportation

Knowledge

Media & Entertainment

Travel

Answer :2 (A)

inequality within countries increasing:-

The factors that has caused the problem of inequality within the country between the peoples increasing so much are

Globalization

technological change favoring higher-level skills and capital

structural changes in labor markets,

the rising importance of finance

the emergence of winner-take-all markets, and policy changes

Answer : 2 (B)

inequality across countries decreasing:-

Income inequality between countries has improved As income is being transferred now from rich country to poor country which cope up with th export to rich country and technology advance . Due to globalisation low-skilled jobs shifting from wealthier countries to poorer countries, economic integration has  lowering inequality between country