Describe the impact of globalisation among the workers and producers?
Answers
Answer:
The impact of globalisation on workers and small producers in India is as follows:
(i) Small-scale producers have been adversely affected by globalisation because they are not able to compete with MNCs or other big producers.
(ii) These small-scale producers could not keep their cost of production low and hence, they lost their markets.
(iii) Globalisation and the pressure of competition significantly impacted the lives of workers in India. The producers could not sell their commodities at competitive prices and had to lessen production.
(iv) Since the quality and cost of raw materials could not be diminished, exporters tried to lessen their expenditure on labour. Many workers lost their jobs due to this.
(v) Workers were only employed on a temporary basis as opposed to employing them permanently. They were also paid low wages and had to work for long hours on a regular basis without getting any employment benefits.
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