Question

describe the major problems created by globalisation to small producers and workers

Answer 1

(i) It may lead to widening of income inequalities now enjoy improved quality and lower prices for among various countries.

(ii) Workers jobs are no longer secure.

(iii) Small manufacturers have been hit hard due to companies to emerge as MNCs themselves like severe competition. Tata Motors, Infosys, Ranbaxy, Asian Paints etc

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

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