What are the negative and positive impacts of globalisation?

Question

Answer

I can explain this answer in a very short friend.

Positive impacts of Globalisation:-

* Globalisation promotes economic growth.
* It helps to increase the standard of living.
* It increases the GDP of a country.
* It creates competition.
* It promotes specialization.

Negative impacts of Globalisation:-

* Globalisation increases the activities such as child labour and slavery.
* It has resulted in fiercely competitive global market.
* It helps terrorists and criminal.
* Fast food chains like Mc Donald's and KFC are spreading fast which in the result, the degradation of the health and spread of diseases increases.
* Rich are getting richer and the poor are struggling for a square meal.

Answer

Answer

#POSITIVE
Globalization can be define as the increasing connectivity and interdependence of the world’s economies, societies, and cultures because of advances in communications, technology, trade, international investment movement of currency, and migration.

#NEGATIVE
Lower wages that are given to labourers. In order to compete in the world market, exporters try and cut labour costs and workers are denied their fair share of benefits as manufacturers are always on the look out for cheaper labour.

Answer

POSITIVE IMPACTS:
MNCs have increased their investment.
Several of the top indian companies have benefited.
Many large indian companies have emerged as MNCs themselves.
It has created new opportunities for those companies who provide services.

NEGATIVE IMPACTS:
Several manufacturers have been hit hard due to competition.
Several units have shut down rendering many workers jobless.
Workers job are no longer secure.
Workers are denied their fair share of benefits.
Long working hours.
Low wages.

Answer

Positive impacts
1. The buyer can choose any product among many products with a less cost
2. In this the MNCs colabrate with some companies and help the company to develope
Eg : The ford motors are from the USA and invested money in india and had collabrated with the indian local company known as the mahindra mahindra company and supported the mahindra mahindra company for its growth
3.They are helpful to form the companies and give jobs to the people and the people is mostly from the urban areas
4. It makes compitataion between the companies dor instant due to this competation the local companies invest money and buy modren gadgets for their companies and try to develope as the MNC s
Eg. 1.The Tata moters
2. asian paints
these are some examples

Negetive impacts

There are less negetive impacts compared to the positive in this we can say that
1. The MNC s buy the local companies in wich it may cause some dissatisfaction for the people such as workers
2.And also they provide less wages in the country's such as indian than in the developed countries
3. Also the WTO also forces developing countries such as india to remove the trade barriers
4. This makes a large problems for small workers and labourers.

THANK YOU

Answer

Positive Impacts of Globalisation

Increased economic growth: Globalisation has led to an increase in international trade, leading to economic growth and job creation in many countries.

Improved standard of living: As a result of globalisation, many developing countries have experienced an improvement in their standard of living due to increased access to goods and services.

Increased cultural exchange: Globalisation has led to greater cultural exchange between countries, resulting in a sharing of ideas, music, food, and other aspects of culture.

Greater access to technology: Globalisation has made it easier for countries to access new technology and innovations that can help improve productivity and efficiency.

Negative Impacts of Globalisation

Job loss: Globalisation has led to job loss in many developed countries as companies move their operations to countries with lower labor costs.

Increased inequality: Globalisation has led to increased inequality both within and between countries.

Environmental degradation: Globalisation has led to an increase in environmental degradation due to increased production and consumption of goods and services.

Increased cultural homogenization: Globalisation has led to increased cultural homogenization, which can lead to the loss of unique cultural traditions and practices.

Overall, globalisation has both positive and negative impacts on society. While it has led to increased economic growth and cultural exchange, it has also led to job loss, increased inequality, and environmental degradation. It is important for policymakers to consider the potential impacts of globalisation and work to mitigate any negative effects while maximizing positive outcomes.

Answer

Liberalisation and globalisation policy has had nagative effects on the indian economy.Explain.

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