Question

5 advantages and disadvantages of globalisation
give answer according to 10 board calss

Answer 1

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GLOBALIZATION : It refers to the interaction and influence of one country with other countries of the world. The interaction may be in terms of trade, economy, politics, education, technology etc.

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ADVANTAGES OF GLOBALIZATION :

▪◽♦ Due to globalization MNCs are setting up in various countries this increase the employment opportunities in poor nations too.

▪◽♦ Due to the globalization it becomes easier to get education from other countries too.

▪◽♦ Globalization makes the technology more advanced .

▪◽♦ Globalization leads increase in quality-quantity and decrease the price of goods and services.

▪◽♦ After globalization it becomes easier for investors of developed countries to invest in developing countries.

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DISADVANTAGES OF GLOBALIZATION :

▪◽♦ It leads to environmental degradation by causing various types of pollutions.

▪◽♦ The culture of one country influence the other in such a way that one of the culture may endangered.

▪◽♦ It increases the difference between rich and poor that leads to economic inequality and instability.

▪◽♦ It leads to distinction of small scale industries.

▪◽♦ Globalization also leads to increase in terrorism rate in the world.

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Answer 2

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What are the advantages and disadvantages of globalization?

Globalization refers to the interaction of one economy with all the other economies of the world. This interaction can be in terms of financial transactions, trade, politics,education, production etc. Globalization picked up steam with the invention of newer and newer technologies in the world of transportation and communication.

⭕Advantages:

➡Increase in employment opportunities:

➡Education: .

➡Increase in free trade:

➡Faster flow of Information:

➡ Increase in quality of goods and services:

➡ Decrease in prices of goods and services:

➡Reduction in cultural barriers:


⭕Disadvantages:

➡Environmental degradation:

➡Unfair working conditions:

➡ Fall in employment growth rate:

➡Growing disparity among the rich and the poor:

➡Small scale industries face extinction:

➡Rapid spread of deadly diseases:

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