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Hyper-globalization has led to increased cultural exchange and influence. A decline in hyper-globalization may impact the adoption of global cultural elements in Indian society. Examine.

Topic: Effects of globalization on Indian society.

2. Hyper-globalization has led to increased cultural exchange and influence. A decline in hyper-globalization may impact the adoption of global cultural elements in Indian society. Examine. (250 words)

Difficulty level: Tough

Reference: Live MintInsights on India

Why the question:

The narrative that underpins the global economic system is in the midst of a transformative plot twist. Since the end of World War II, the so-called liberal international order has been premised on the free flow of goods, capital and finance, but this global arrangement now seems increasingly anachronistic.

Key Demand of the question:

To write about the ending of hyper-globalisation across the world, its impact on the Indian society.

Directive word:

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:

Introduction: 

Begin the answer by defining hyper-globalisation.

Body:

First, write about the various features of hyper-globalisation citing a few examples.

Next, write about the factors that have led to deglobalisation across the world and why these factors mark a possible end of hyper-globalisation era.

Next, write about the positive impact of the above – sustainable and equitable economic policies, support small-scale farmers, increase access to healthcare and education etc.

Next, write about the negative impacts – reduced economic growth and job creation, diminishing foreign investment etc.

Conclusion:

Conclude by writing a way forward to address the negative impacts.