Elaborate any five negative and positive impact of liberalisation and globalisation
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Positive Impacts of Globalization
1. Adopting to Globalization increase free trading opportunities between countries. This allows business organizations in developed countries to invest in developing countries.
2. As the communication between the countries becomes open sharing of information became easier due to globalization. This has also contributed to the increase in speed of transportation of products.
3. Countries joining together through globalization will remove the cultural barriers and make the world a global village. Globalization makes the countries adapt the factors that are beneficial in the long run.
4. There is also possibility of less war between developed countries due to globalization.
The negative Impact of Globalization are as follows.
1.If the rules and regulations regarding protection of the environment is less in under developed countries, other developed countries can manufacture products that may harm the environment.
2. As majority of big industries prefer cheap labour people in skilled and non skilled category will go for job in developed countries.
1. Adopting to Globalization increase free trading opportunities between countries. This allows business organizations in developed countries to invest in developing countries.
2. As the communication between the countries becomes open sharing of information became easier due to globalization. This has also contributed to the increase in speed of transportation of products.
3. Countries joining together through globalization will remove the cultural barriers and make the world a global village. Globalization makes the countries adapt the factors that are beneficial in the long run.
4. There is also possibility of less war between developed countries due to globalization.
The negative Impact of Globalization are as follows.
1.If the rules and regulations regarding protection of the environment is less in under developed countries, other developed countries can manufacture products that may harm the environment.
2. As majority of big industries prefer cheap labour people in skilled and non skilled category will go for job in developed countries.
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