UGC NET Economics Q60

Question

Which of the following are the benefits of globalisation?
A. Increase in competition would make companies more cost & quality conscious and innovative.
B. An open economy spurs innovation with fresh ideas from abroad.
C. Liberalisation & global competition enhances consumer choice and consumer surplus.
D. Developing countries could be very vulnerable to the harmful effects of globalisation.
E. Globalisation opens up enormous domestic and global opportunities for firms in developing countries.
Choose the correct answer from the options given below:

Accepted Answer

A, B, C & E Only