Define Globalisation ? Discuss about the position and negation impact of Globalisation ?
Answers
Answer:
The globalization makes available local and foreign goods to the consumers and thus increases their choices. b. Globalization leads to greater competition among producers which improves the quality and decreases the prices of products.
Answer:
Globalization has brought benefits in developed countries as well as negative effects. The positive effects include a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure.
POSITIVE EFFECTS
It would be rather difficult to discuss the extent of the positives that globalization has had on the world at large. But still, here are some of the positive effects of globalization and the positive impacts they have had on so many demographic segments of society
NEGATIVE EFFECTS
Globalization also have its side effects to the developed nations. These include some factors which are jobs insecurity, fluctuation in prices, terrorism, fluctuation in currency, capital flows and so on.
Explanation: