impact of globalisation is not uniform. explain
Answers
Because ,due to the division of society into rich and poor
So if a price of a good is increased ,then it is profitable for the MNC,but the poor suffer due to high cost
t is true that the impact of globalisation has not been uniform.
This can he explained through the following points
(i) Globalisation has some negative impacts on
employment and real wages. Due to ushering in of new technologies, output increases, but employment opportunities are not much, especially in rural areas, where over 60% of the population lives.
(ii) Globalisation is mainly beneficial to‘large capitalists, industries and large companies. Consequently, it increases the concentration of economic power and leads to inequalities.
(iii) In India, during 1990-9.1 more than 33% of national product originated in the agricultural sector, but this share has come down to 23% in 2004-05.