Question

Describe the impact of globalisation on small producers

Answer 1

1. for a large number of small producers and workers,globalisation has posed major challenges.
2. batteries, capacitors , plastic, toys, tyres, Dairy products and vegetable oil are some examples of industries where the small manufacturerls have been hit hard due to competition.
3. several of the units have shut down rendering many workers jobless.
4. many of small companies have been purchased by the MNC.
5. MNCs produce cheap goods so small producers have lost their local market.

Answer 2

The impact of globalization on workers and small producers in India is as follows:

(i) Small-scale farmers have been skeptically influenced by globalization because they are not able to battle with MNCs or other influential yielders.

(ii) These small-scale farmers could not keep their expense of production low and hence, they expended their markets.

(iii) Globalization and the competition significantly influenced the participation of workers in India. The farmers could not exchange their products at competing charges and had to diminish production.