“The impact of globalisation has not been uniform.” Explain this statement.
Answers
Globalisation has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower price products. As a result, these people today enjoy much higher standards of living than was possible earlier. several of the top Indian companies have been able to benefit from the increased competition. They have invested in newer technology and production methods and raised their production standards. Some have gained from successful collaborations with foreign companies.
Globalisation has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower price products. As a result, these people today enjoy much higher standards of living than was possible earlier. several of the top Indian companies have been able to benefit from the increased competition. They have invested in newer technology and production methods and raised their production standards. Some have gained from successful collaborations with foreign companies.hii
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Globalisation has also created new opportunities for companies providing services, particularly those involving IT.
Whereas on the other hand - large numbers of small producers and workers, globalisation has posed major challenges. thousands of small producers and workers have seen their employment and workers rights erode. Rising Inequality coupled with unequal benefits of globalisation on different segments . Due to impact of globalisation been different to different segments - its said that- The impact of globalisation has not been uniform.
The impact of globalization is not uniform in the sense that developing nations have to face more restrictions.
Explanation:
- Globalization is a process where the economies of the countries are opened to outside phones and international economic activities.
- This is a great option for nations which are already developed and flourishing. However, in case of nations which are still in the developing phase, globalisation can increase competition for the home countries.
- Globalisation can also hinder the process of employment of local people.
- Globalisation can also increase the prices of the goods in the market which impact the standard of living of people.