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| 1. |
Explain any five negative impacts of globalisation |
| Answer» Negative effects of globalisation:\tGrowth has been witnessed only in few selected areas in the service sector such as hospital services, information and technology, and telecommunication.\tTo earn maximum profits, MNCs employed Indian workers at extremely low wages. Only in urban areas, the standard of living has improved. Their income and the quality of consumption also increased. This has led to inequalities of income in the country.\tTo deal with the pressure of competition from MNCs, many Indian companies have begun to employ workers on a temporary basis so that they do not have to pay the workers for all 12 months of a year. This has resulted in companies making large profits, but workers not getting their share of benefits. | |