positive and negative impacts of globalization on political and informational?
Answers
Answer:
Globalization has brought benefits in developed countries as well as negative effects. The positive effects include a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure.
Answer:
Globalization is the process of rapid interconnection and integration of countries through increase in foreign trade and foreign investment.
Positive impact of globalization are as follows: -
Globalization has been very advantageous to the well off sections in the urban areas as they enjoy improved quality of products at lower rates.
This also increases their living standards due to their access to good quality products at lower rates.
Several of the top Indian companies have been able to benefit from the increased competition. They have now got access to newer technology and now use efficient production methods.
Negative impact of globalization are as follows: -
Many small producing units have also perished as they could not compete with the foreign producers.
Globalization has hit the small workers the most, the MNCs tend to hire workers flexibly to reduce the cost of the production process.