What major challenges.Has globalisation posted for small producers &workers?
Answers
Explanation:
1. Adverse effects on domestic market : Due to globalisation our domestic markets are adversely affected. They are flooded with imported goods. Due ro liberal import policy ,imported goods are cheaper than the domestic products. Rhey are highly demanded.
2. Affects poor farmers : The benefits of globalization are being enjoyed by the rich farmers . They are growing exportable crops. But poor farmers are left unnoticed. They cannot face the competition. Hence, they are forced to sell their land or take extreme steps. They are facing the problem of indebtedness and poverty.
3. Unhealthy Competition : The Indian entrepreneur cannot face competition with multi-national companies (MNCs). As a result, they are forced to declare their units as a sick unit or close it down or to sell it out.
4. Unemployment : Many Indian industries are compelled to close down as they cannot face the competition with multi-national companies. Hence , large number of workers are thrown out of jobs leading to unemployment, poverty and inequality.
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