Globalisation
Kerala Board · Class 10 · Social Science
Quick revision notes for Globalisation — Kerala Board Class 10 Social Science. Key concepts, formulas, and definitions for last-minute revision.
Key Topics to Revise
Understanding Globalisation
- Globalisation is the process of rapid integration of countries through economic, political, and cultural exchanges
- Three main types of flows: trade in goods and services, migration of people for employment, and flow of capital for investments
- Political dimension includes events like Arab Spring where countries influence each other's political changes
Production Across Countries and MNCs
- Until mid-20th century, production was organized within countries; now it's spread across multiple countries
- MNCs (Multinational Corporations) own or control production in more than one nation
- MNCs set up production where they can get cheap labour and resources to reduce costs and increase profits
Interlinking Production and Foreign Trade
- MNCs control production through: 1) Setting up production jointly with local companies, 2) Buying local companies, 3) Placing orders with small producers
- Foreign trade creates opportunities for producers to reach beyond domestic markets
- Trade expands choice for buyers beyond domestically produced goods
Factors Enabling Globalisation
- Technology: Improvements in transportation (faster delivery at lower costs) and communication (internet, mobile phones, satellites)
- Liberalisation: Removal of trade barriers and investment restrictions by governments
- Government policies supporting foreign investment and trade
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Globalisation covers several key topics that are frequently asked in Kerala Board Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
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Sources & Official References
- Kerala Board of Public Examinations — keralapareekshabhavan.in
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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