Social Science — CBSE Class 10 board question

Role of Liberalisation in Globalisation:

1. Removal of Barriers: Liberalisation refers to the removal of trade and investment barriers such as taxes, quotas, and restrictions. This allows goods, services, and capital to move freely across countries.

1. Facilitating Foreign Trade: When governments liberalise policies, foreign trade between countries increases rapidly, integrating markets across the world.

1. Attracting MNCs: Liberalisation encourages MNCs to invest in countries with cheap labour and resources, expanding global production networks.

1. Role of WTO: At the international level, the WTO pressures developing countries to liberalise trade and investment, further accelerating globalisation.

1. Unequal Impact: However, developed countries have unfairly retained their own trade barriers while forcing developing countries to liberalise, making the process one-sided.

1. Conclusion: Thus, liberalisation has been a key enabler of globalisation, though it must be made fairer to benefit all nations equally.

Source: Chapter 4 — Globalisation and the Indian Economy

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• The examiner expects you to define liberalisation first, then link it step-by-step to globalisation.
• Mention WTO specifically — it is a key term in the chapter and earns marks.
• The "unfair" aspect (developed vs. developing countries) is important for full marks at this level.
• Avoid writing a vague essay; use numbered points or short paragraphs for clarity.
• The conclusion line ties the answer together and signals completeness to the examiner.