Question

Write two merits and demerits of globalisation

Answer 1

Answer:

Merits of globalisation :-

• New technology and innovation
• Increased resorces

Demerits of globalisation

• More pollution
• Stiff competition

Answer 2

Explanation:

Merits : 1. Enormous increase in foreign investments through MNCs

2. New opportunities are created for companies providing services especially those involving IT

Demerits :

1. Globalisation has led to widening of income inequalities among various countries

2. It has widened the gap between the rich and the poor within the countries.