Friday, December 24, 2021

In what ways has globalisation failed to stem the tide of inequality in the world? Discuss.

DISCUSSIONS - PT's IAS ACADEMY

Topic for 24th December 2021

In what ways has globalisation failed to stem the tide of inequality in the world? Is concentration of wealth a genuine problem? Discuss.

विश्व में असमानता के ज्वार को रोकने में वैश्वीकरण किन तरीकों से विफल रहा है? क्या धन की एकाग्रता (संकेंद्रता) एक वास्तविक समस्या है? चर्चा करें।


The start of the wave of globalization in 1980s was premised on the idea that more prosperity will trickle down the pyramid, and help everyone. The gradual opening up of economies helped people in a big way, and Chinese and Indians experienced a reduction in mass poverty. But by 2021, it was increasingly clear that many factors had come together to create historically high concentration of wealth, and even opportunities. What next? How to rectify the situation? Please comment.


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