The impact of globalization has not been uniform. Explain this statement.
Answers
Answer:
It 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.
Explanation:
Answer:
i, while globalization has benefited well of consumers and also produced with skill ,education and wealth, many small producers and workers have suffered as a result of the rising competition
ii, Removal of trade barriers and liberalisation policies of the government to facilitate globalization have hit the local producers and manufacture hard
iii, globalisation and the pressure of competition have substantially under the lives of workers.Faced with competition,most employers these days prefer employ workers 'flexibility' .this means that workers jobs are no longer secure
Examples; Any one case either from the text book or beyond it. eg: Multinational corporation and workers and local manufactures /industries, withdrawal of subsides etc..