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Rima becomes Mary – From India to US – night shift and call centers
Made in China toys for birthday (much of Chinese stuff in Indian market is smuggled)
Some farmers committed suicide because their crops failed. They had bought very expensive seeds supplied by a multinational company (MNC).
An Indian company bought a major rival company based in Europe, despite protests by some of the current owners.


Uniqueness of globalization - scale and speed of flow
Communication revolutionized
Printing laid basis for nationalism
movement of capital and commodities will most likely be quicker and wider than the movement of peoples across different parts of the world
Recognize interconnections with rest of the world and its impact – bird flu, covid is not confined to part of the world (no national boundaries are respected) – similarly is the recession
All over the world, the old ‘welfare state’ is now giving way to a more minimalist state that performs certain core functions such as the maintenance of law and order and the security of its citizens. However, it withdraws from many of its earlier welfare functions directed at economic and social well-being. Market is now the main determinant

Chapters:
0:00 NCERT Class 12 Chapter 9: Political Science-Globalization
1:18 Trade Relations
2:01 Concept
3:58 Causes of Globalization
6:42 Impact of Globalization
7:44 Economic Consequences
13:55 India & Globalization
14:54 Resistance to Globalization
#politicalscience#globalization #traderelations #concept #causesofglobalization #impactofglobalization #economicconsequences #indiaandglobalization #resistancetoglobalization #examrace #examrace #upsc #ugcnet

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