21.Explain the good and bad effects of globalisation on Indian industr

1.	21.Explain the good and bad effects of globalisation on Indian industry.rket
Answer» Globalizationhas brought benefits in developed countries as well as negativeeffects. Thepositive effectsinclude a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure. Disadvantages of Globalization: Developed countries can stifle development of undeveloped and under-developed countries. Economic depression in one country can trigger adverse reaction across the globe. It can increase spread of communicable diseases. Companies face much greater competition.

21.Explain the good and bad effects of globalisation on Indian industry.rket

Answer»

Globalizationhas brought benefits in developed countries as well as negativeeffects. Thepositive effectsinclude a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure.

Disadvantages of Globalization:

Developed countries can stifle development of undeveloped and under-developed countries.

Economic depression in one country can trigger adverse reaction across the globe.

It can increase spread of communicable diseases.

Companies face much greater competition.

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