Saved Bookmarks
| 1. |
Merits and demerits of globalisation |
| Answer» Merits of globalisation\tIncreased free trade between nations\tIncreased liquidity of capital allowing investors in developed nations to invest in developing nations\tCorporations have greater flexibility to operate across borders\tGlobal mass media ties the world together.\tIncreased flow of communications allows vital information to be shared between individuals and corporations around the world.Demerits of globalisation(i) For a large number of small producers, globalisation has posed major problems. These producers were not able to free the competition from large foreign producers and hence several of such production units had to shut down, rendering workers jobless.(ii) Workers in MNCs are employed on* temporary basis . and laid off without any compensation during the slack period. | |