Page 2 - LN-GLOBALISATION

8. Economic globalisation has created an intense division of opinion all over the

world.

9. The world social forum (WSF) is another global paltform ,which brings together

a wide coalition compromised of human rights

activists,environmentalist,labour,youth and women activists apposed to neo-liberal

globalisation.The first WSF meeting was organised in Porto Alegre,Brazil in 2001.

10. Cultural globalisation emerges and enlarges our choices and modify our culture

without overwhelming the traditional norms i.e. burger can not be a substitute for

masala dosa. Hence, it broadens our cultural outlook and promotes cultural

homogenisation.

11. Globalisation has been criticised on political, economic and cultural grounds

i.e. politically it weakens the state by reducing its sovereignty. Economically it has

made the rich richer and the poor poorer creating disparities. Culturally there has

been harmed traditions and lost age old values and ways. The World Social Forum

(WSF) has also opposed neo-liberal globalisation.

12. In India, Globalisation has led to setting up of foreign companies as India

realised the need for relating the Indian economy with the world by responding to

1991 financial crisis.

13. Social movements play a role in helping people make sense of the world

around them and finding ways so deal with matters that trouble them.

14. Globalisation process includes the thrust to liberalisation or privatisation.

Liberalisation proclaims freedom of trade and investment, controls allocation of

resources in domestic economy, rapid technological progress whereas privatisation
allows private sector and other foreign companies to produce goods and services.

15. Resistance to globalisation in India has come from different quarters i.e. left
wing protests to economic liberalisation, trade unions of industrial workforce

organized protest against multinationals, the patents, resistance from political right