Question

DEFECTS OF GLOBALIZATION..✌​

Answer 1

Explanation:

List of the Disadvantages of Globalization

Globalization may encourage more offshoring instead of less. ...

Globalization benefits the wealthy more than the poor. ...

Globalization would encourage disease transfer. ...

Globalization could reduce social safety net programs. ...

Globalization would create a new system of politics.

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Answer 2

Answer:

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Disadvantages of Globalisation:

(i) Globalisation paves the way for redistribution of economic power at the world level leading to domination by economically powerful nations over the poor nations.

(ii) Globalisation usually results greater increase in imports than increase in exports leading to growing trade deficit and balance of payments problem.

(iii) Although globalisation promote the idea that technological change and increase in productivity would lead to more jobs and higher wages but during the last few years, such technological changes occurring in some developing countries have resulted more loss of jobs than they have created leading to fall in employment growth rates.

(iv) Globalisation has alerted the village and small scale industries and sounded death-knell to it as they cannot withstand the competition arising from well organized MNCs.

(v) Globalisation has been showing down the process to poverty reduction in some developing and underdeveloped countries of the world and thereby enhances the problem of inequality.

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