Question

What are the possible fears of globalisation?

Answer 1

Globalization​—The Hopes and the Fears. “Globalisation is the great economic event of our era. . . . It is now bringing unprecedented opportunities.. The fear was the same as the fear of globalization - people unlike me will take ... in the country was decreased as greatly as possible. There are several fears that grasp the mind of people. Some of these fears may be listed as under: The locals fear that the foreigners will capture their market ..


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Answer 2

1. Globalisation may not help on achieving sustainable growth.
2. It may lead to widening of income inequalities among various countries.
3. It may lead to greater dependence of the underdeveloped countries on advanced countries.
4. It may lead to loss of autonomy.
5. It may create some instability in the world’s economies.
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