SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Globalisation Positive and Negative Traits and Outsourcing
Globalisation Positive and Negative Traits and Outsourcing Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
FAQs on Globalisation Positive and Negative Traits and Outsourcing Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What are the positive traits of globalization? |  |
Ans. Globalization has several positive traits, such as increased economic growth, access to a wider range of goods and services, cultural exchange, and technological advancements. It allows countries to specialize in their areas of expertise, leading to increased efficiency and productivity.
| 2. What are the negative traits of globalization? | |
Ans. Globalization also has some negative traits, including job outsourcing, income inequality, environmental degradation, and cultural homogenization. Job outsourcing can lead to job losses in certain industries and countries, while income inequality can worsen as wealth becomes concentrated in the hands of a few. Additionally, globalization can contribute to environmental issues due to increased transportation and production, and there is a concern that it may lead to the erosion of cultural diversity.
| 3. How does outsourcing contribute to globalization? | |
Ans. Outsourcing is a key component of globalization as it involves the relocation of business activities from one country to another. It allows companies to take advantage of lower labor costs, access specialized skills, and expand their market reach. By outsourcing certain tasks or processes to other countries, companies can reduce costs and increase efficiency, contributing to the overall globalization process.
| 4. What are the benefits of outsourcing for companies? | |
Ans. Outsourcing offers several benefits for companies, including cost savings, access to specialized skills, increased flexibility, and improved focus on core activities. It allows companies to reduce labor and operational costs by utilizing lower-cost regions for production or services. Furthermore, outsourcing enables access to a wider talent pool and specialized expertise that may not be available domestically. It also provides companies with the flexibility to scale their operations according to market demands and allows them to focus on their core competencies while delegating non-core tasks to external partners.
| 5. Is outsourcing only beneficial for companies, or are there any advantages for the outsourced workforce as well? | |
Ans. Outsourcing can also bring advantages to the outsourced workforce. It can provide employment opportunities in regions where job opportunities may be limited, leading to economic development and poverty reduction. Additionally, outsourcing can facilitate knowledge transfer and skill development, as workers gain exposure to new technologies, processes, and best practices from the companies they work for. However, it is important for outsourcing practices to ensure fair working conditions, adequate wages, and respect for labor rights to ensure the well-being of the outsourced workforce.
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