What positive and negative aspect of globalisation?
Answers
POSITIVE IMPACTS
The positive impact of globalisation in India has been tremendous.
1. 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.
2. Due to globalisation many MNCs have increased their investments in India. This means thousands of people are getting highly paid jobs and, enjoy much higher standards of living than was possible earlier.
3. Local companies supplying raw materials, to these industries have prospered.
4. Top Indian companies have benefit from increased competition. They have invested in newer technology and production methods and raised their production standards.
5. Some Indian companies have gained from successful collaborations with foreign companies.
Large Indian companies have emerged as multinationals like Tata Motors Globalisation has also created new opportunities for Indian companies providing services, particularly in the IT field. Services such as data entry, accounting, and administrative tasks, are now being done cheaply in India and exported to the developed countries. This has generated thousands of jobs.
NEGATIVE IMPACTS
There has also been a negative impact of globalisation in India. Globalisation has posed major challenges to a large number of small producers.
Globalisation which resulted from liberalisation of Foreign Trade policies allowed the import of electronic goods at a very cheap cost. Local producers of electronic goods were not able to meet with this challenge. MNCs flooded the market with quality products at a cheap price. Local producer were not able to compete with this and were put to hardship as their goods do not have a market.
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 .PLZZ MARK AS BRAINLIEST
Positive impact--- 1. There is greater competition among producers---both, local and foreign producers, provide advantages to consumers. There is greater choice before these consumer to enjoy improved quality and lower prices for several products. Consequently, these people now enjoy much higher standards of living, than was possible earlier.
2. Globalisation has increased employment, comfort and improvised the lifestyle of the people.
Thus, it has proved beneficial for some people of the society.
Negative impact = 1. Some small industries have to bear a great loss, due to competition with multinational companies.
2. Many labourers have been unemployed because many factories have been closed.
3. Employment of workers has not been certain and safe.
4. Employers are reducing wages. They are taking more from workers.
5. Globalisation has increased the difference between the poor and the rich.
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