what are the merits and demerits of globalisation under sociology
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Your answer:
Merits of globalisation :
1) Encouragement to Foreign Direct Investment (FDI).
2) Easy availability of goods from the developed countries.
3) India could withstand international competition.
Demerits of globalisation :
1) Problems of poverty and unemployment remained unresolved.
2) Could not available of benefits of increase in export.
3) Less beneficial to small scale industries.
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Merits and Demerits of Globalization.
Explanation:
Globalization has had various benefits and shortcomings for a society.
The merits of globalization are as follows:
- Helped in bringing new technology
- Opened employment opportunities
- Hebden mixing of cultures
- Helped in the economic development of the society
The demerits of globalization are as follow:
- It has resulted in more pollution
- This Resulted in brain drain
- Low wages for workers in heavily populated countries
- Wastage of resources in developing countries.
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