Topic: Effects of globalization on Indian society.
3. What is hyper-globalisation? Examine its impact on in the Indian society with a special emphasis inclusivity and economic equality. What measures are needed to counter the risks posed by it? (250 words)
Difficulty level: Tough
Reference: Indian Express
Why the question:
Ukraine crisis forces rethink on hyper-globalisation. Nations need to de-risk against overdependence on few suppliers.
Key Demand of the question:
To write about hyper-globalisation, its impact on the society and measures needed to counter its impact.
Examine – When asked to ‘Examine’, we must investigate the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.
Structure of the answer:
Begin the answer by defining hyper-globalisation.
First, write about the various features of hyper-globalisation citing a few examples.
Next, write about the impact of hyper-globalisation on the various aspects of Indian society – freer movement of goods, resources and enterprises, and ultimately more jobs, cheaper products and increasing economic growth, prosperity and wealth. Also, mention the negative impacts like – increasing inequalities, lack of opportunities, dependence and political disconnect etc.
Next, write about the ways in which risks posed by hyper-globalisation could be overcome.
Conclude by writing a way forward.