how does globalisation help local industries in India
Answers
Answer:
Explanation:
Globalization has enabled the expansion of large corporations into countries that might have previously been off their radar. For example, the streets of urban Japan are littered with KFC and McDonald’s. Coca-Cola Sold Here signs can be seen on the mountainous roads near Marrakech. These big companies are able to provide their products at a fraction of the cost meaning that to compete with them, small businesses are forced to lower their prices or face extinction. As aforementioned, one way around this is, rather than to carry on selling a burger for example to compete with McDonalds, is to create and market your own niche product and do it well. There will always be a place for authentic, locally-made sushi in Japan and freshly-squeezed orange juice from local produce in Morocco.
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