write two disadvantages of globalisation
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Following are some of the advantages and disadvantages of globalisation
Advantages of globalisation:
Globalisation helps in pooling all the resources together.
Globalisation helps in the development of underdeveloped countries.
Globalisation encourages free trade among nations.
Globalisation creates more employment opportunities
Disadvantages of globalisation:
It may lead to outsourcing of jobs from a native country due to availability of cheap labour in another country.
It will benefit the wealthy people more than the poor.
It will result in an increase in emission of greenhouse gases that will have a direct impact on the environment.
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Two disadvantages of globalisation are :-
1. Growing Inequality - Globalization can increase inequality throughout the world by increasing specialization and trade.
2. Increasing of the Unemployment - Globalization demands for higher-skilled work with cheaper price. But countries where Institutions are relatively weak are not capable of producing highly skilled workers. As a result, the unemployment rate is increasing in those countries.
1. Growing Inequality - Globalization can increase inequality throughout the world by increasing specialization and trade.
2. Increasing of the Unemployment - Globalization demands for higher-skilled work with cheaper price. But countries where Institutions are relatively weak are not capable of producing highly skilled workers. As a result, the unemployment rate is increasing in those countries.
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