Question

State whether the following statement are true or false with reason.

There is only positive impact of globalisation.

Answer 1

False

Reasons:

Although globalisation is associated with various benefits, it has certain negative effects. These negative effects include:

1. Adverse impact on small scale industries and village artisans
2. Widened socio-economic disparities
3. Difficulty in maintaining work-life balance
4. Adverse changes related to lifestyle patterns
5. Increased profiteering
6. Development of materialistic attitude

Hence, there is positive as well as negative impact of globalisation