B. What are the most important positive and negative aspects of globalization? it us 15 mks
Answers
Answer:
Some argue that globalization is a positive development as it will give rise to new industries and more jobs in developing countries.
Others say globalization is negative in that it will force poorer countries of the world to do whatever the big developed countries tell them to do
negative aspects of globalization
Critics of Globalization include groups such as
environmentalists , anti-poverty campaigners and trade unionists . negative impacts include:
Globalization operates mostly in the interests of the richest countries, which continue to dominate world trade at the expense of developing countries.
globalization Global tic effect - ..
for good or bad - on world economies and on people's lives. positive impacts are:
Inward investment by TNCs helps countries by providing new jobs and skills for local people.
Globalization aims at making one country or a borderless world
It involves outsourcing
It is not only about expanding the nation's market but also it increases the foreign exchange reserve and foreign investment
the demerit is that..
Indian producers find it difficult to compete with the increased competition in the international market
Also there will be more production of only cash crops than compared to production of food crops
It involves more imprtance to skilled and technical workers..
Therefore people who are unskilled find it difficult to get employed