Which of the following is not ensured to the consumer in the globalization ?
Clear origin of goods and services
Globalisation integrates national markets through free movement of goods, services, capital and technology. For consumers it brings several benefits.
Lower prices result from wider competition and from producing where costs are lowest. Better selection results because imported and multinational brands become available alongside domestic ones. Improved services result as firms compete on quality, delivery and after-sales support to win customers.
Clear origin of goods and services is not ensured. Under globalisation, production is spread across global value chains: components are sourced from many countries, assembly may take place elsewhere and services are outsourced across borders. As a result it often becomes harder, not easier, for a consumer to know where a product or service actually comes from.
Hence, Clear origin of goods and services.
Similar Questions
Globalization is the term used to describe process of removal of restriction on which one of the following ?
In the context of globalization, ‘Levitt Thesis’ means
Indicate the right sequence of the stages of internationalization :
(i) Multinational Company
(ii) Global Company
(iii) Transnational Company
(iv) International Company
Codes :
Assertion (A) : The USA remains the world’s largest FDI recipient country.
Reason (R) : The global economic crisis of 2009, causes a reduction of global FDI flows took place to USA.
Select the correct code :
Codes :
Assertion (A) : International business has grown in more recent years at a faster pace than global production.
Reason (R) : Growth through trade has increased, but growth through foreign direct investment has not.
Codes :
Important Questions from Globalization and its drivers
Match List I with List II.
List I (A.T. Kearney Globalization Index)
List II (Variables)
A.
Economic Integration I.
International Tourism and Travel B.
Personal Integration II.
Internet users
C.
Technological Integration
III.
Foreign Direct Investment
D.
Political Integration
IV.
Ratification and multilateral treaties
Choose the correct answer from the options given below:Globalization is the term used to describe process of removal of restriction on which one of the following ?
In the context of globalization, ‘Levitt Thesis’ means
Indicate the right sequence of the stages of internationalization :
(i) Multinational Company
(ii) Global Company
(iii) Transnational Company
(iv) International Company
Codes :
Assertion (A) : The USA remains the world’s largest FDI recipient country.
Reason (R) : The global economic crisis of 2009, causes a reduction of global FDI flows took place to USA.
Select the correct code :
Codes :
