Globalizations and Social Change
Nagaland Board · Class 12 · Sociology
Flashcards for Globalizations and Social Change — Nagaland Board Class 12 Sociology. Quick Q&A cards covering key concepts, definitions, and formulas.
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Explore the full setWhat is globalisation according to sociological understanding?
Answer
Globalisation refers to the growing interdependence between different people, regions and countries in the world as social and economic relationships come to stretch worldwide. It involves compression…
Distinguish between globalisation and liberalisation in the Indian context.
Answer
Globalisation is a broader global process of interdependence and connection. Liberalisation refers specifically to the policy decisions taken by the Indian state since 1991 to open up the Indian econo…
What were the key features of India's liberalisation policy since 1991?
Answer
Key features include: removal of rules regulating Indian trade and finance, opening to world markets, taking loans from international institutions like IMF with conditions, structural adjustments invo…
What are Transnational Corporations (TNCs) and give examples?
Answer
TNCs are companies that produce goods or market services in more than one country. Examples include Coca Cola, General Motors, Colgate-Palmolive, Kodak, and Mitsubishi. They are oriented to global mar…
Explain the concept of 'electronic economy' in globalisation.
Answer
The electronic economy refers to the ability of banks, corporations, fund managers and individual investors to shift funds internationally with the click of a mouse. This enables instantaneous movemen…
What is the difference between 'weightless economy' and 'knowledge economy'?
Answer
Weightless economy: products have their base in information (computer software, media, entertainment, internet services). Knowledge economy: workforce involved in design, development, technology, mark…
How has the communication revolution transformed globalisation?
Answer
Revolutionary changes include: multiple communication links (telephones, fax, email, internet), 'compression' of time and space enabling instant global communication, satellite technology connecting o…
What is the 'digital divide' in India's context?
Answer
Digital divide refers to the unequal access to digital technology. While urban areas have better connectivity, rural areas with erratic power supply, widespread illiteracy, and lack of infrastructure …
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