Question

Drawbacks of globalization...??

Answer 1

Answer:

Globalization leads to reduced public revenues. The free movement of labour allows companies to easily relocate to tax havens.

Globalization destroys the environment.

Globalization leaves us vulnerable to infectious diseases.

Globalization creates a race to the bottom.

Globalization fuels inequality.

Answer 2

Explanation:

(i) For a large number of small producers, globalisation has posed major problems. These producers were not able to free the competition from large foreign producers and hence several of such production units had to shut down, rendering workers jobless.

(ii) Workers in MNCs are employed on* temporary basis.

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