“The impact of globalisation has not been uniform.” Explain this statement.
Answers
Answer:
It is true that the impact of globalisation has not been uniform.
This can be 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.
Hope it will help U Cutie ❤️: )
Answer:
The impact of globalisation has not been uniform because it has benefitted only the rich and developed countries. The developing countries are only a source of setting industries and getting cheaper labour and the entire profits are earned by the developed countries. Many small manufacturers with low capital have not been able to withstand the competition from the large MNC’s. Workers are now employed flexibly in the face of growing competition. This has reduced their job security.