Question

Explain the problems created by globalisation for a large number

Answer 1

Problems created by globalization for large number

1.)It may lead to widening of income inequalities among various countries

2.)Workers jobs are no longer secure.

3.)Expansion of unorganized sector.

4.)Small manufacturers have been hit hard due to severe competition.

5.)Several units have been shut down rendering many workers jobless.

6.)Lives of workers are on the whims of employers.

7.)Workers are denied their fair share of benefits.