Question

effects of globalisation

Answer 1

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ll-Effects of Globalization

MNCs usually try to exploit the available resources of a country.MNCs are rich with knowledge through the R&D process whereas the innate companies (of developing countries like India ) are not that good in R&D. So the Efficiency & COP is always better than innate companiesMNCs have huge capital already so they do advertisements in rich manner to attract customers which the local companies mostly lackOnce the MNCs find no more profits in the industry, they will shift to better countries. It will lead to unemployment.MNCs affect the national policy in macro economics directly or indirectly. thus the government likely to loss its full control on sovereignty( eg: TFA agreement was signed by India though it is against the interests of the nation)

Good-Effects of Globalization

High FDI —-> Many Industries —-> More Employment —-> Increase in GDPUtilisation of resources efficiently( MNCs are experts in using resources efficiently)It will help in increase exports and to reduce DEFICIT rateFor a country with huge population like India, creating employment is a huge task which a government cannot do alone. So it helps government in employment generation programs and poverty alleviationCSR(corporate social responsibility) activity helps the local area to develop and acquire minimum needsIt will bring new & advanced technologies to technically backward country like IndiaFood Processing, Telecom, white labelled ATM, Railway infrastructure, Medical services & Infrastructure are given 100% FDI since it will help India greatly to achieve government’s long term goals

Answer 2

Globalization has both positive and negative effects:

Explanation:

The globalization has given the world a chance to promote liberalism and live like one community

It has economic benefits but on the other, it has increased child labor and slavery

People nowadays are selling children for slavery

Due to globalization, the human trafficking rate has also increased.

It has resulted into security threats among which human security is on the top.

Learn more about globalization here:

What is globalization

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