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Answer» Negative Effects of Globalization: - Arrangement for market set up becomes difficult and costly
- Rise in the production of luxurious goods and services
- New problems caused by change in human mentality
- Rise in inequality of distribution of income and wealth
- Effect of economic condition of one country transferring to other countries
- Breach of ethical values
- Large scale units are at an advantage
- Spread of education is lesser than the spread of development
- Lower loyalty of multinational companies to their host country as compared to their home country and
- Subtle arrangement with political parties for suitable monetary policy by internationally renowned companies.
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