Question

Which of the following is/are the threat of globalisation?

1. Price fluctuation
2. Job insecurity in business
3. Movement of knowledge

Options

• Only (i)

• Only (ii)

• Both (i) and (ii)

• All of these

Answer 1

Both (i) and (ii)

1. Price fluctuation
2. Job insecurity in business

Explanation:

Threats of Globalization:

1. Price Fluctuation: As businesses compete fiercely, global supply networks are impacted by economic fluctuations, political instability, and natural calamities.
2. Job Insecurity in Business: As corporations outsource jobs to nations with lower labour costs, workers in developed economies may experience job instability and layoffs.
3. Movement of Knowledge: While this is a feature of globalization, it is widely regarded as an opportunity rather than a threat, as it promotes innovation and economic growth.