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Assess Any Three Advantages of Globalization. - Social Science

Answer in Brief

Assess any three advantages of globalization.

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Solution

Merits of globalization are :

  • Local companies that supply raw materials to MNC's have prospered.

  • Globalization has enabled large Indian companies to emerge as a multinational. For example- Tata Motors, Infosys, etc

  • Globalization has also created new opportunities for companies providing services, particularly those involving IT.

  • Better quality of products arising from increased competition

  • Increases the purchasing power of an individual

  • Best practices of production get disseminated across political boundaries.

Concept: Concept of Globalization and Factors
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