Question

explain three positive and negative impacts if globalisation. ​

Answer 1

Positive effects

•Consumers get large variety of goods at correct rate.

•It increases the technological facilities.

•It generates employment.

•Big industries becomes Multinational Companies.

•Enhances the Lifestyle of the people

Negative impact

•Small scale industries faces loss due to products provided by multinational company at extraordinary low price.

•Small industries might have to shut down.

•Workers are paid less.

•Changes are made in labour laws which affects the life of worker.

•It makes rich richer and poor poorer.

Answer 2

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Answer:- ● POSITIVE IMPACTS OF GLOBALIZATION :-

》Gives Access to a Larger Market

Through globalization countries and companies have access to a bigger consumer base. Instead of only selling products in their country a business can expand to other regions boosting sales and in the process making more money.

》Provides Cheaper Goods for Consumers

Because of globalization a lot of companies are moving to areas where their cost of production is low they, in turn, offer cheaper products because they are not expensive to make hence lower prices for consumers.

》Globalization Wets Countries do what They do Best

For example, a country can buy cheap steel from another country instead of making its own steel. They can then focus their efforts on making other things they are good at like computers and export them to the countries they import cheap steal from.

》Leads to Better Economies

With many multi nation’s heading to Africa to tap the consumer base in this part of the world more jobs are being created helping people in these countries get better wages and improve their stands of living.

》Innovation

The desire to make a profit has always been a spur to expanded trade, innovation, and the communication of ideas. The great ideas from leaders spread more easily.

》Better Quality and Variety

Competition from different countries drives firms to improve their products. Consumers have better quality products and more variety as a result.

● NEGATIVE IMPACTS OF GLOBALIZATION

》Causes Environmental Damage

Globalization has led to increased production for businesses in order to meet global demand. Increased production means more natural resources are used and this can be used up before they are regenerated leading to a negative impact on the environment. Also in developing countries rules and regulations on environmental protection are not as strict as in developed countries.

》Causes Fluctuation of Prices

Increased competition means that businesses with the best prices win. Due to competition prices are always fluctuating, for example, a country like the US has to reduce its prices often to compete with prices for the same product coming from China. China’s production costs are lower than the US hence they can have ridiculously low prices. For the US companies reducing prices will have a negative effect on their profits which in turn may led to actions like laying off workers.

》Job Insecurity

Globalization provides a double-edged sword when it comes to jobs. It creates jobs for people in developing countries who provide cheaper manufacturing jobs. For example, many companies are setting up in India and China because wages and manufacturing jobs are cheaper there this means less opportunities in developed worlds. In short, globalization takes jobs from one country and provides them to another. This can be negative or positive depending on what part of the world you are in.

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