Question

What are the social costs of Economic Globalisation according to Vandana Shiva?

Answer 1

HERE IS YOUR ANSWER. . . . .

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Globalisation has led to increase in costs of production, falling prices of farm produce and rising costs of food as a result of the dismantling of the PDS system and weakening of the Essential Commodities Act. decrease as global corporations increase their control over food and agriculture.

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HOPE IT HELPS YOU! !

Answer 2

Economic globalization has following disadvantages:

Explanation:

• Economic globalization is more beneficial for the first world countries
• It is really dangerous for the their world countries due to the universality of tariffs
• Furthermore, the products might lose their national identity and small interpreters will face huge economic crisis while large companies will get benefits

Learn more about economic globalization here:

Explain Economic Globalization & International trade?

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