Globalizations and Social Change
Madhya Pradesh Board · Class 12 · Sociology
Summary of Globalizations and Social Change for Madhya Pradesh Board Class 12 Sociology. Key concepts, important points, and chapter overview.
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Globalisation is the growing interdependence between different people, regions, and countries as social and economic relationships stretch world-wide. It affects economy, politics, culture, employment, communication, and everyday life. The chapter shows that globalisation is not a completely new ide
Key Concepts
Globalisation is the growing interdependence between
Globalisation is the growing interdependence between people, regions, and countries when social and economic relationships stretch across the world. I
Liberalisation refers to policy decisions taken
Liberalisation refers to policy decisions taken since 1991 to open the Indian economy to the world market. It includes the removal of many rules and r
Transnational corporations are companies that produce
Transnational corporations are companies that produce goods or market services in more than one country. Their production, design, marketing, and data
Production is divided across many countries
Production is divided across many countries so that different parts of a product are made where costs are lowest or skills are available. Nike and Gen
Globalisation also involves the growing role
Globalisation also involves the growing role of international and regional political organisations. IGOs such as the WTO influence trade rules, while
Learning Objectives
- Understand the meaning of globalisation and its relation to liberalisation.
- Recognise the economic, political, and cultural dimensions of globalisation.
- Explain the role of transnational corporations, finance, and information technology.
- Trace India’s historical connections with the wider world.
- Study the unequal effects of globalisation on labour, employment, and livelihoods.
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