Question

Give any three argument in favour of globalisation

Answer 1

MNCs flooded the market with quality products at a cheap price.

Local producer are not able to compete with this and are put to hardship, as their goods do not have a market.

hey dear,

here is your answer...

small manufacturers have been hit hard due to foreign competition.

globalisation has a negative impact on most of the small industries which employ the largest number of workers after agriculture.

In order to compete in the world market exporters try and cut labour costs.

Workers are denied their fair share of benefits as manufacturers are always on the look out for cheaper labour.

hope it helps u dear ......

Answer 2

Explanation:

Arguments in Favour of Globalisation:

i. Globalisation is expected to promote efficiency, productivity and, hence, higher economic growth rate. ... Liberalisation and the market principles improve the allocative efficiency of resources. This will increase export earnings, allow the inflow of foreign capital and technology.