Question

“The impact of globalization has not been uniform.” Explain with examples.

Answer 1

1. Globalisation has helped wealthy consumers and skilled, educated, and rich producers, but many small producers and workers have faced difficulties due to increasing competition.
2. The removal of trade barriers and government policies supporting globalisation has negatively affected local producers and manufacturers.
3. Globalisation and competition have also changed workers’ lives. Many employers now prefer to hire workers on flexible terms, which makes jobs less secure. For example, multinational companies (MNCs) affect local workers and industries, and the withdrawal of subsidies impacts small producers.