Question

Explain any six effects of globalisation on the people all over the world.

Answer 1

1. In some circumstances, globalization has weakened the power of the state.
2. The government can only regulate a few things, like law and order and safety. The market, on the other hand, decides what is most important for the economy and society.
3. Globalization has led to more trade in goods around the world. Nations have made it easier for goods from other nations to come in by lowering the barriers they put up. In the same way, limits on the movement of money between countries have lessened.
4. It also continues to carry out its basic duties (law, order, security) and chooses to stay out of those areas where it wants to.
5. In some circumstances, the state’s ability to do things may even get better. For instance, new and better technologies let the government do a better job of running its own people.
6. Globalization has an impact on us in our homes, in what we eat, drink, wear, and even in how we think. It changes what we think we like. People are afraid that globalization will hurt culture around the world because of its cultural effects. This happens because globalization makes cultures more similar to each other, which is called cultural homogenization.