The poor continue to suffer under the process of globalization and privatisation comment
Answers
The statement is true because of following reasons:
* Most shops are converted as raw material supplier for the MNC's
* Many are unable to sell their products due to stiff competition from MNC's
* Most sell their goods in losses to sustain their lifestyle to hold a position in the market
* Industries like handicrafts,capacitors,toys and matchboxes suffer the most
As a result most of the shops close down and suffer immense losses.
The poor continue to suffer even though privatisation and globalisation have changed the world.
Also though there has been economic growth, the growth has been lopsided and has increased the gap between the rich and the poor.
The growth in India has been mostly in the services sector where the jobs created have been low in number and manufacturing jobs have not been established.
Many indigenous companies have shut down as they cannot face the competition