{"id":8598,"date":"2023-07-27T14:04:47","date_gmt":"2023-07-27T14:04:47","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=8598"},"modified":"2024-02-01T10:46:13","modified_gmt":"2024-02-01T10:46:13","slug":"elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/","title":{"rendered":"Elucidate the relationship between globalization and new technology in a world of scarce resources, with special reference to India. (250 Words) (15 Marks)"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-gs-advance-and-mentorship-program-ampcsat?utm_source=Blog&amp;utm_medium=Link&amp;utm_campaign=GS+Advanced\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1280\" height=\"300\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/07\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-8.png\" alt=\"\" class=\"wp-image-43397\" srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/07\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-8.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/07\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-8-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/07\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-8-585x137.png 585w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/figure><\/div>\n\n\n<p>In the contemporary global landscape, the intricate relationship between globalization and new technology is particularly pronounced, especially in the context of a world grappling with scarce resources. Globalization, characterized by the interconnectedness of economies, cultures, and societies, has been significantly propelled by advancements in technology. This symbiotic relationship has ushered in an era of rapid information exchange, increased trade, and enhanced communication. In a world marked by the scarcity of resources, technology has played a pivotal role in optimizing resource utilization and fostering sustainable practices.<\/p>\n\n\n\n<p>In India, a nation witnessing the convergence of globalization and technological innovation, the impact on resource management is noteworthy. The adoption of digital technologies has not only accelerated economic growth but has also facilitated efficient resource allocation in sectors such as agriculture, energy, and healthcare. The globalization of markets has opened up new avenues for trade and investment, enabling India to harness external resources and expertise to address domestic challenges.<\/p>\n\n\n\n<p>However, the dual forces of globalization and technology have also presented challenges. The relentless pursuit of economic growth and technological advancements can exacerbate resource scarcity, leading to environmental degradation and social inequality. In the Indian context, striking a balance between reaping the benefits of globalization and ensuring equitable access to resources remains a critical imperative.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>UPSC Mains General Studies Paper \u2013 1 Mains 2022<\/strong><\/p><cite><strong>Factors responsible for the location of primary, secondary, and tertiary sector industries in various parts of the world including India.<\/strong><\/cite><\/blockquote>\n\n\n\n<p><a href=\"https:\/\/edukemy.com\/blog\/upsc-mains-civil-services-ias-exam-question-paper-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>UPSC Mains Civil Services IAS Exam Question Paper \u2013 2022<\/strong><\/a><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69d9e476002ba\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d9e476002ba\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#Approach\" title=\"Approach:&nbsp;\">Approach:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#Introduction\" title=\"Introduction:&nbsp;\">Introduction:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#Body\" title=\"Body: &nbsp;\">Body: &nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#The_relationship_between_globalization_and_new_technology_in_the_context_of_scarce_resources_references_to_India\" title=\"The relationship between globalization and new technology, in the context of scarce resources references to India: &nbsp;\">The relationship between globalization and new technology, in the context of scarce resources references to India: &nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#Positive_Impact\" title=\"Positive Impact:\">Positive Impact:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#Negative_impact\" title=\"Negative impact&nbsp;\">Negative impact&nbsp;<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#Conclusion\" title=\"Conclusion:\">Conclusion:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#1_How_does_globalization_impact_the_adoption_of_new_technology_in_India_considering_its_scarce_resources\" title=\"1. How does globalization impact the adoption of new technology in India, considering its scarce resources?\">1. How does globalization impact the adoption of new technology in India, considering its scarce resources?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#2_In_what_ways_do_new_technologies_contribute_to_Indias_participation_in_the_global_economy_and_how_does_it_impact_resource_allocation_domestically\" title=\"2. In what ways do new technologies contribute to India&#8217;s participation in the global economy, and how does it impact resource allocation domestically?\">2. In what ways do new technologies contribute to India&#8217;s participation in the global economy, and how does it impact resource allocation domestically?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#3_Can_globalization_and_new_technology_address_the_challenges_of_resource_scarcity_in_India_or_do_they_exacerbate_existing_inequalities\" title=\"3. Can globalization and new technology address the challenges of resource scarcity in India, or do they exacerbate existing inequalities?\">3. Can globalization and new technology address the challenges of resource scarcity in India, or do they exacerbate existing inequalities?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edukemy.com\/blog\/elucidate-the-relationship-between-globalization-and-new-technology-in-a-world-of-scarce-resources-with-special-reference-to-india-250-words-15-marks\/#In_case_you_still_have_your_doubts_contact_us_on_9811333901\" title=\"In case you still have your doubts, contact us on 9811333901.&nbsp;\">In case you still have your doubts, contact us on 9811333901.&nbsp;<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Approach\"><\/span><strong>Approach:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Start with basics examining globalization and new technology.&nbsp;<\/li><li>Discuss the relationship between globalization and new technology, in the context of scarce resources.&nbsp;<\/li><li>Conclusion\/way forward <strong>accordingly.<\/strong><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><strong>Introduction:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Globalization refers to the increasing interconnectedness of the world&#8217;s economies, societies, and cultures through the expansion of cross-border trade, investment, and the flow of people and technology. It has resulted in the integration of national economies into a global economy and has allowed for increased economic growth, increased access to goods and services, and greater cultural exchange. It is important to carefully manage the relationship between globalization, new technology, and scarce resources to maximize the positive impacts and minimize the negative ones.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"1280\" height=\"300\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/10.png\" alt=\"\" class=\"wp-image-42412 lazyload\" data-srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/10.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/10-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/10-585x137.png 585w\" data-sizes=\"(max-width: 1280px) 100vw, 1280px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1280px; --smush-placeholder-aspect-ratio: 1280\/300;\" \/><\/a><figcaption><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Link&amp;utm_campaign=Essay\">UPSC Essay Course<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Body\"><\/span><strong>Body: <\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Indian small-scale industry is playing an imperative role in the economic expansion of the country and has a&nbsp; vast approach to employment generation. Increasing small-scale sector units also results in decentralized industrial development, better distribution of wealth and investment, and entrepreneurial talent. The government has initiated several policies for the growth and development of small-scale industries. Post-liberalization economic conditions have created immense growth prospects for small-scale industries. The&nbsp; Micro, Small, and&nbsp; Medium Enterprises in India are acting as the power and spirit of economic growth in the 21st century.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_relationship_between_globalization_and_new_technology_in_the_context_of_scarce_resources_references_to_India\"><\/span>The relationship between globalization and new technology, in the context of scarce resources references to India<strong>: <\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The relations between <strong>globalization<\/strong> and new technology in the world of scarce resources have varied facets with their pros and cons. The positives and negatives both impact the relationship between globalization<strong> and new technology.<\/strong> <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Positive_Impact\"><\/span><strong>Positive Impact:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\"><li><strong>Invasion of foreign investment and technology: <\/strong>The Small-scale industries (SSIs) in India suffer from outdated technology and sub-optimal scale of operation. Many foreign companies have ended up with Indian SSIs which helped them to use better technology, managerial skills, etc.&nbsp;&nbsp;<\/li><li><strong>Opportunities to enter the world markets<\/strong>: Globalisation has opened up the economy and integrated it with the world economy. The global industry enjoys the benefits of selling its products and services to the world market rather than being confined to the domestic market. The free economy ushers inaccessibility to bigger markets, greater linkages for SMEs with larger companies and marketing outfits, and improved manufacturing techniques and processes.&nbsp;&nbsp;<\/li><li><strong>Expanding the areas of business<\/strong>: Technology has been able to identify many uncommon but highly promising business areas like outsourcing, medical transcription, clinical research trials, subcontracting, Ancillarisation, and many new technologies like biotechnology, nanotechnology, etc which are attractive for the new generation depending on technology and globalization.&nbsp;&nbsp;<\/li><li>Free flow of capital: In a liberalized economy, banks would try to find out new avenues of giving credit to increase their profitability. Thus, the supply of funds may be easier. Development in the money market would initiate development in the capital market &nbsp;<\/li><li>Less procedural problem: As the economy is mainly market-driven; there is less Govt. intervention, red tape, less control on import and export, etc. The technology would be allowed to work in a free environment.&nbsp;&nbsp;<\/li><li>Opportunities for generation of employment: Being labor-intensive, the technology makes significant contributions to employment generation and expanding industrial networks in rural areas.This sector nurtures the traditional skills and knowledge-based small and cottage industries.<\/li><\/ol>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Negative_impact\"><\/span><strong>Negative impact<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\"><li>Though there are many benefits derived from the process of Globalisation, <strong>it has resulted in some serious constraints on the growth of the <\/strong>industry in India. The Indian and world industries face ruthless competition from large domestic firms and multinationals armed with improved technology, managerial ability, skilled workers, marketing skills, better product quality, and a wide range of products.&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\"><li><strong>Problems related to finance:<\/strong> Financing has always been a major problem for the small and medium industries in India. <strong>The SSIs mostly depend on internal sources<\/strong> of finance (personal savings, loans from relatives, and loans from local money lenders) rather than on institutional financing by banks and other financing institutions.&nbsp;<\/li><li>Poor Technology Base: There exists considerable heterogeneity among the SSIs in India. A small percentage of firms operate with sophisticated technology bases whereas the majority of firms use outdated technology. They suffer from low productivity and poor product quality. Due to their small size, they cannot enjoy large-scale production economies.&nbsp;&nbsp;<\/li><li>Inadequate infrastructure facility: Infrastructural lacking includes inadequate power supply, transportation, water supply, etc. Small firms cannot bear the cost of setting up an independent power supply unit. They have to depend on irregular power supply from the electricity boards. An inadequate transportation system increases the cost of production.&nbsp;<\/li><li>Shortage of Skilled Workers: Though India has no shortage of human resources, most of them are unskilled workers. Large firms pay higher remuneration and employ skilled workers. The SSIs have to operate with unskilled or semi-skilled workers. Thus, SSIs suffer from low managerial capabilities.&nbsp;&nbsp;<\/li><li>Problems of Marketing and Distribution: Marketing is probably the most neglected and less explored problem for Micro and Small firms. There are many low-cost marketing techniques that SSIs can utilize, such as social media marketing, email marketing, and content marketing. SSIS need to understand the importance of marketing and allocate resources to develop their marketing capabilities to stay competitive in today&#8217;s market.<\/li><\/ol>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/UPSC-Essay-Course-1280\u00d7300-1-3.svg\" alt=\"\" class=\"wp-image-42688 lazyload\" width=\"781\" height=\"182\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 781px; --smush-placeholder-aspect-ratio: 781\/182;\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&nbsp;Hence, technological progress is a key driver of improvements in incomes and standards of living. But new knowledge and technologies do not necessarily develop everywhere and at the same time. <strong>In India, the impact of globalization<\/strong> and new technology on the world of scarce resources has been particularly pronounced. India is a rapidly industrializing<strong> country with a large and growing population, and this has put a strain on its natural resources. <\/strong>Therefore, the way <strong>technology spreads across<\/strong> countries is central to how global growth is generated and shared across countries.&nbsp;&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/gs-advanced-202425-online\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2023\/07\/Untitled-design-61.png\" alt=\"\" class=\"wp-image-8478 lazyload\" width=\"493\" height=\"493\" data-srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2023\/07\/Untitled-design-61.png 1080w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2023\/07\/Untitled-design-61-300x300.png 300w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2023\/07\/Untitled-design-61-1024x1024.png 1024w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2023\/07\/Untitled-design-61-150x150.png 150w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2023\/07\/Untitled-design-61-768x768.png 768w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2023\/07\/Untitled-design-61-585x585.png 585w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2023\/07\/Untitled-design-61-120x120.png 120w\" data-sizes=\"(max-width: 493px) 100vw, 493px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 493px; --smush-placeholder-aspect-ratio: 493\/493;\" \/><\/a><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_How_does_globalization_impact_the_adoption_of_new_technology_in_India_considering_its_scarce_resources\"><\/span>1. How does globalization impact the adoption of new technology in India, considering its scarce resources?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Answer:<\/strong> Globalization has significantly influenced the adoption of new technology in India, even in the face of scarce resources. The interconnectedness fostered by globalization allows India to access and integrate advanced technologies from around the world. While this presents opportunities for technological advancement, it also poses challenges due to the scarcity of resources. The influx of technology often requires substantial investments in infrastructure, education, and research. Striking a balance between adopting new technologies to enhance productivity and managing scarce resources effectively becomes crucial for sustainable development.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_In_what_ways_do_new_technologies_contribute_to_Indias_participation_in_the_global_economy_and_how_does_it_impact_resource_allocation_domestically\"><\/span>2. In what ways do new technologies contribute to India&#8217;s participation in the global economy, and how does it impact resource allocation domestically?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Answer:<\/strong> New technologies play a pivotal role in India&#8217;s integration into the global economy. The use of cutting-edge technologies enhances productivity, facilitates efficient communication, and allows Indian businesses to participate in global value chains. However, this increased connectivity and participation also affect domestic resource allocation. As industries adopt automation and digitization, there is a shift in resource requirements. Skill development becomes imperative to harness the benefits of technology, and policymakers must navigate the challenge of reallocating resources to ensure inclusive growth and mitigate potential disparities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Can_globalization_and_new_technology_address_the_challenges_of_resource_scarcity_in_India_or_do_they_exacerbate_existing_inequalities\"><\/span>3. Can globalization and new technology address the challenges of resource scarcity in India, or do they exacerbate existing inequalities?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Answer:<\/strong> Globalization and new technology have the potential to address resource scarcity in India, but their impact is nuanced. On one hand, technology can drive resource efficiency, optimize production processes, and offer innovative solutions to scarcity challenges. On the other hand, globalization may lead to increased competition for resources and exacerbate existing inequalities. It is crucial for India to strategically leverage technology for sustainable development, ensuring that advancements benefit all segments of the population. Policies promoting inclusive access to education, technology, and opportunities can help mitigate disparities and harness the positive aspects of globalization and technological progress.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_case_you_still_have_your_doubts_contact_us_on_9811333901\"><\/span><strong>In case you still have your doubts, contact us on 9811333901.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>For UPSC Prelims Resources, <a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/p>\n\n\n\n<p>For Daily Updates and Study Material: <\/p>\n\n\n\n<p>Join our Telegram Channel &#8211; <a href=\"https:\/\/t.me\/WithEdukemy4IAS\" target=\"_blank\" rel=\"noreferrer noopener\">Edukemy for IAS<\/a> <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>1. Learn through Videos &#8211; <a href=\"https:\/\/bit.ly\/3vOD8sU\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a> <\/li><li>2. Be Exam Ready by Practicing Daily MCQs &#8211; <a href=\"https:\/\/bit.ly\/3Q9z2nF\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a> <\/li><li>3. Daily Newsletter &#8211; Get all your Current Affairs Covered &#8211; <a href=\"https:\/\/bit.ly\/3bE2y5J\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a> <\/li><li>4. Mains Answer Writing Practice &#8211; <a href=\"https:\/\/bit.ly\/3mZuVxl\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><\/ul>\n\n\n\n<p>Visit our YouTube Channel &#8211; <a href=\"https:\/\/www.youtube.com\/@ShabbirsEduKemyforIAS\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Globalization, characterized by the interconnectedness of economies, cultures, and societies, has been significantly propelled by advancements in technology.<\/p>\n","protected":false},"author":17,"featured_media":8760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[185],"tags":[186,861,142,145,140],"class_list":["post-8598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-upsc-mains-solved-papers","tag-general-studies-1","tag-globalization","tag-previous_year_questions","tag-upsc-mains-question-paper","tag-upsc_preparation_strategy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/8598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=8598"}],"version-history":[{"count":9,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/8598\/revisions"}],"predecessor-version":[{"id":24763,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/8598\/revisions\/24763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/8760"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=8598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=8598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=8598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}