Question

"Globalisation along with free trade can adversely affect the economies of the developing countries." Support the statement with examples.​

Answer 1

Answer:

Explanation:

“Globalisation along with free trade can adversely affect the economies of the developing countries”

(i)Globalisation along with free trade has helped in widening the gap between the rich and the poor countries.

(ii)The rich and prosperous developed countries greatly influence world trade only for their own commercial interests.

(iii)Most of the developed countries use the markets of developing countries and restrict developing countries to enter their countries.

(iv)Even the local markets of the developing countries are completely under the influence of developed countries.

(v)Issues like worker’s right, child labour, health and environment concerns are completely ignored by the developed countries.