disadvantages of Globalisation class10
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Explanation:
Unequal economic growth.
Lack of local businesses.
Increases potential global recessions.
Exploits cheaper labor markets.
Causes job displacement.
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Explanation:
Developed countries can stifle development of undeveloped and under-developed countries.
Economic depression in one country can trigger adverse reaction across the globe.
It can increase the spread of communicable diseases.
Companies face much greater competition.
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