Describe the major problems created by the globalisation for a large number of small produce
workers.
Answers
Answer:
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.
Explanation:
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For a large number of small producers and workers, globalisation has posed major challenges. Industries manufacturing batteries, capacitors, plastics, toys, tyres, dairy products and vegetable oil have been hit hard due to competition. Several units have been shut down rendering many workers jobless.