Question

explain in five points the impact of globalisation and MNCs on workers

Answer 1

The impact of globalisation on workers and small producers in India is as follows:

(i) Small-scale producers have been adversely affected by globalisation because they are not able to compete with MNCs or other big producers.

(ii) These small-scale producers could not keep their cost of production low and hence, they lost their markets.

Answer 2

Impact of globalisation and MNCs on workers :

1. Workers are employed on temporary basis and laid off without any compensation during the slack period.

2. Workers are also put in very long working hours and work night shifts on regular basis during peak season.

3. MNCs can negotiate wages and terminate employment depending upon market wages.

4. Globalisation lead to insecurity of jobs. In case of policy changes by government, MNCs closes it office and workers are shifted or laid off.

5. Many local companies have closed down due to competition from MNCs, rendering thier workers jobless.