Globalalisation affects the old
Traditional?
Answers
Answer:
Yes, it greatly affects the traditional markets and small producers
Explanation:
Globalization provides opportunity for oproducer to expand beyond domestic markets/local markets and reach international markets
It also improves the performance of the producers since they have to improve their goods quality for better price and higher profits
However there are few producers that are not yet ready to compete with other producers and are hit hard due to intense competition. Batteries,comapcitirs, plastics, toys etc are goods produced by small manufacturers and are hit hard from globalization. These small manufacturers are neglected by the Govt. and are not given any protection which leads to large scale shut down of many small production companies we know that many of the employers are employed mainly and small production companies. Therefore the shut down of these factories due to glabalsization can lead to widespread unemployment.
Hope it helps ya