1.

Highlight the Negative Effects of Globalization.

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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