Analyze Impact Of Globalization

Analyze the Impact of globalization.

Answers:

Positive:-

1.Wide variety of good is now available to the consumers.
2.New jobs are created in industries.
3.Local companies have prospered through supplying raw materials to the industries.
4.Top Indian companies have benefitted for successful collaborations wit,h foreign companies.

Negative:-

1.Globalization may not help in achieving sustainable development.
2.It may lead to widening of income inequalities among various countries.
3.It may lead to greater dependence of underdeveloped countries on advanced countries.