The impact of globalisation has not been uniform. -SST 10th

1 Answer

Answer :

(i) While globalisation has benefited welloff consumers and also producers with skill, education and wealth, many small producers and workers have suffered as a result of the rising competition.  (ii) Removal of trade barriers and liberalisation policies of the governments to facilitate globalisation have hit the local producers and manufactures hard.  (iii) Globalisation and the pressure of competition have substantially changed the lives of workers. Faced with grow in competition, most employers these days prefer to employ workers ‘flexibly’. This means that workers’ jobs are no longer secure. Illustration: Any one case—either from the text book or beyond it, e.g., MNCs and Workers, MNCs and Local Manufactures/industries, Withdrawal of Subsidies, etc.

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