Question

effects of globalisation

Answer 1

Pros:
→ Globalisation has linked many countries and promoted friendly-ties among them due to trade dependence.
→ Globalisation has given the consumer a variety of products to choose from.
→ Increased job opportunities
→ made products cheaper
→ competition among sellers has led to the production of better quality products.

Cons:
→ due to the arrival of MNCs, the local or small scale manufacturers are having problems selling their goods and thus, their income is reduced.
→Because of the presence of so many manufacturers, certain items are facing a glut in the market.

Answer 2

Answer:

Globalization, in short, points to the whole effort towards making the world global community as one village. Goods that were only found in western countries can now be found across the globe. Now underdeveloped areas can enjoy the benefits of scientific advances and industrial progress available in developed countries for the improvement and growth of their areas.

NEGATIVE EFFECTS

• FLUCTUATION IN PRICES.
• JOBS INSECURITY.

POSITIVE EFFECTS.

• Poverty alleviation
• Employment situation.
• Foreign investment