‘‘In spite of numerous advantages, there are many problems that globalisation still faces’’. -SST 10th

‘‘In spite of numerous advantages, there are many problems that globalisation still faces’’. -SST 10th
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1 Answer

Answer :

The problems with globalisation are as follows : (a) It has sometimes negative impacts on employment and real wages. With the introduction of new technology, output is increasing but the employment opportunities are not. (b) Because of foreign technology, the problems of energy crisis, water shortage and pollution are increasing very fast. (c) It is more beneficial to large-scale producers and consequently increasing concentration of economic power.
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