Explain any two positive and two negative effects of globalisation.

1.	Explain any two positive and two negative effects of globalisation.
Answer» Positive Effects 1. Increase in the volume of trade in goods and services. 2. It attracts private foreign capital investment. 3. It creates new job opportunities. 4. It raises the standard of living. 5. It increases production efficiency and healthy competition. 6. It attracts foreign Direct Investment also. Negative Effects: 1. It has widened income disparities by making the rich richer and the poor more poorer. 2. Gradually, globalization is also a reason for depletion of flora and fauna in the country.

Answer»

Positive Effects

1. Increase in the volume of trade in goods and services.

2. It attracts private foreign capital investment.

3. It creates new job opportunities.

4. It raises the standard of living.

5. It increases production efficiency and healthy competition.

6. It attracts foreign Direct Investment also.

Negative Effects:

1. It has widened income disparities by making the rich richer and the poor more poorer.

2. Gradually, globalization is also a reason for depletion of flora and fauna in the country.

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