Question

What is the effect of globalisation on small producers and workers?

Answer 1

The impact of globalisation on workers and small producers in India is as follows:

(i) Small-scale producers have been adversely affected by globalisation because they are not able to compete with MNCs or other big producers.

(ii) These small-scale producers could not keep their cost of production low and hence, they lost their markets.

(iii) Globalisation and the pressure of competition significantly impacted the lives of workers in India. The producers could not sell their commodities at competitive prices and had to lessen production.

Answer 2

Answer:

Globalization has struck the small producers because they exist unable to compete with MNCs or the big producers or manufacturers. Several units have been shut down rendering many employees unoccupied.

Explanation:

The effect of globalization on workers and small producers in India is as follows:

• (i) Small-scale producers have been adversely impacted by globalization because they are not capable to compete with MNCs or other large producers.

• (ii) These small-scale producers could not retain their cost of production down and hence, they lost their markets.

• (iii) Globalisation and the stress of competition greatly influenced the lives of workers in India. The producers could not sell their commodities at competitive prices and had to reduce production.

• (iv) Since the quality and cost of raw materials could not be diminished, exporters tried to facilitate their expenditure on labor. Many employees lost their employment due to this.

These are the effect of globalization on small producers and workers.

#SPJ3