Economy, asked by AbhiramiGNath, 1 year ago

" The impact of globalisation has not been uniform". Explain this statement

Answers

Answered by Anonymous
713
IMPACT OF GLOBALISATION VARIES WITH DIFFERENT GROUPS

Globalisation is just like a knife , u can use it to cut an apple and enjoy or cut ur hand and ruin life

To small producers of india , globalisation has posed a destruction.With coming of MNCs , they find hard to survive in the market . People buy standard things and small producers have to stop manufacturing

Whereas In countries economy,globalisation has improved a lot in GDP. It has provided choice to customers,improved trade ,technology is improved.

@MarciaRoyal
Answered by nehak5709
525

The impact of globalisation has not been uniform because

1) Globalisation has been beneficial only for developed countries. It had a hard impact on the underdeveloped and developing countries.

2) Developed countries took resources from underdeveloped countries at cheap rate and exported costly finished products to underdeveloped countries.

3) The developed countries are rich in machinery and finance. They exploits resources from underdeveloped countries.

4) Competition from companies in developed countries also can cripple industries of these countries.

5) Small manufacturers have been hard hit due to globalisation.

6) Many illiterate and poor people lost their jobs due to closure of small units.

In fact Globalisation was beneficial for flourished countries only.

Similar questions