What major challenges has globalisation posted for small producers/workers?
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Answers
→ Small producers and workers have been hit hard the most due to rising competition.
→ Several of the small units have been shut down leading many workers jobless.
→ Large MNCs order their products from the Indian exporters in order to maximize their profits so for getting the large orders from them the importers try to cut labour cast and they force workers to work overtime or they may reduce no. of workers.
MAJOR CHALLENGES OF GLOBALISATION ON SMALL WORKERS
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.
(iv) Since the quality and cost of raw materials could not be diminished, exporters tried to lessen their expenditure on labour. Many workers lost their jobs due to this.
(v) Workers were only employed on a temporary basis as opposed to employing them permanently. They were also paid low wages and had to work for long hours on a regular basis without getting any employment benefits