what is globalization write its two positive and negative aspects of globalijation briefly explain
Answers
Globalisation is defined as the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs).
positive impacts -
The positive impact of globalisation in India has been tremendous. Greater competition among producers resulting from Globalisation is a great advantage to consumers as there is greater choice before them. Consumers now enjoy improved quality and lower prices for several products
negative impacts -
There are some negative impact of globalization such as this process made disparity between rural and urban Indian joblessness, growth of slum capitals and threat of terrorist activities. Globalization increased competition in the Indian market between the foreign companies and domestic companies.
Another negative factor to globalisation is the lower wages that are given to labourers. In order to compete in the world market, exporters try and cut labour costs and workers are denied their fair share of benefits as manufacturers are always on the look out for cheaper labour
sorry I was not able to give ans in points but u do write it in points only