merits and demerits of globalisation

Question

Answer

1. it brings foreign money in country to increase gdp
2. It provide employement to both skilled and unskilled labour
3. provide a new taste and trend to market by bringing foreign product in company
demerit
1.there is a chance of threatening or exploitation of workers in India
2. Sometime it provide useless product of other countries

Answer

MERITS:1. Increase in GDP2. Technological updation3. Employment Generation4. Capital investment in countryDEMERITS:1. For long term it may be beneficial for the MNC.2. Exploitation of labour.3. It could lead to non-sovereignity.4. Fair globalisation is still far away.

Answer

merits wide range of variety in marketplace giving consumers a justifiable choosing between foreign goods and indian

Answer

Merits and Demerits of Globalization

Globalization refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas. It has both positive and negative impacts on various aspects of society, the economy, and the environment. Let's explore the merits and demerits of globalization in detail:

Merits of Globalization:

1. Economic Growth: Globalization has facilitated economic growth by promoting international trade and investment. It has opened up new markets and provided opportunities for businesses to expand their operations globally, leading to increased productivity, innovation, and job creation.

2. Access to a Wide Variety of Goods and Services: Globalization has made it possible for consumers to access a wide range of goods and services from different parts of the world. This has increased consumer choices and improved living standards.

3. Technological Advancements: Globalization has accelerated the transfer of technology across borders, allowing countries to benefit from advancements made by others. This has led to improvements in sectors such as communication, healthcare, and transportation.

4. Cultural Exchange and Understanding: Globalization has facilitated cultural exchange and understanding between nations. People from different cultures are exposed to various traditions, languages, and customs, promoting tolerance and diversity.

5. Reduced Poverty: Globalization has played a significant role in reducing poverty in many developing countries. Increased trade and investment have generated employment opportunities, improved incomes, and lifted millions out of poverty.

Demerits of Globalization:

1. Income Inequality: Globalization has also contributed to income inequality, both within and between countries. The benefits of globalization have often been concentrated in the hands of a few, leading to a widening wealth gap.

2. Job Displacement: Globalization has resulted in the relocation of industries to countries with lower labor costs, leading to job displacement in higher-cost regions. This has caused unemployment and wage stagnation in some industries.

3. Environmental Degradation: Globalization has accelerated resource consumption and pollution levels, leading to environmental degradation. Increased international trade has resulted in higher carbon emissions and the depletion of natural resources.

4. Cultural Homogenization: The influx of global media and consumer products has led to the homogenization of cultures, eroding local traditions and customs. This can result in the loss of cultural diversity and identity.

5. Dependency on Global Markets: Globalization has made countries increasingly dependent on global markets for their economic growth. Any disruptions in these markets, such as financial crises or trade conflicts, can have severe consequences for national economies.

In conclusion, globalization has brought about numerous benefits, including economic growth, access to diverse goods and services, and cultural exchange. However, it has also led to income inequality, job displacement, environmental degradation, cultural homogenization, and economic vulnerability. It is essential to address these challenges and ensure that globalization is pursued in a manner that benefits all stakeholders and minimizes its negative impacts.

Answer

Globalistion helps the company and the nation to grow its economic strength, because globalisation gives the country foreign investment and many other facilities like vacancy in their company... and demerit??? I can guess that globlisation sometimes create a unequal competition with the native companies and industries. That means the foreign companies trade more and the native one's can not. That's all I knew... If any mistake sorry for that

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