Question

describe the major problems created by globalisation for a large number of small producers

Answer 1

Globalisation for small producers and workers:

(i) It has led to widening of income inequalities  among various countries.

(ii) Workers jobs are no longer secure.

(iii) Expansion of unorganized sector.

(iv) Small manufacturers have been hit hard due to  severe competition.

(v) Several units have been shut down rendering  many workers jobless.

(vi) Lives of workers are on the whims of employers.

(vii) Workers are denied their fair share of benefits.

Answer 2

Globalization is the unification between countries through foreign trading and investments through MNCs. The major problems created by globalization for a large number of small producers are:-

• The main problem that small producers face is inequality in income and the jobs of the small labor are not safe in MNCs. It also led to the spread of unsystematic departments.
• Because of grievous competition, the small producers are getting destroyed and a lot of units have been closed which is making many laborers jobless.
• The lives of laborers are in the hands of employers and they are getting ignored by their owners.