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प्रश्न
Answer the following question.
How do we feel the impact of globalization on our daily life? Explain with examples.
उत्तर
Impact of globalization on our lives are given below :
Positive impact:
- MCSs have increased their investments in India. eg, industries like cell phones, automobiles, etc.
- New jobs were created
- The competition raised production standards
- Companies benefitted from increased competition
- Made collaborations and emerged men's
Negative impact:
- Small manufacturers have been hit hard due to foreign competition
- Educated and unskilled workers have become jobless due to closure of various units
- Globalization has a negative impact on most of the small industries which employ the largest number of workers after agriculture.
APPEARS IN
संबंधित प्रश्न
What is globalisation?
Describe the conditions in which markets do not work in a fair manner.
What do you understand by globalisation? Explain in your own words.
How would flexibility in labour laws help companies?
Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?
Match the following.
|
(i) |
MNCs buy at cheap rates from small producers |
(a) |
Automobiles |
|
(ii) |
Quotas and taxes on imports are used to regulate trade |
(b) |
Garments, footwear, sports items |
|
(iii) |
Indian companies who have invested abroad |
(c) |
Call centres |
|
(iv) |
IT has helped in spreading of production of services |
(d) |
Tata Motors, Infosys, Ranbaxy |
|
(v) |
Several MNCs have invested in setting up factories in India for production |
(e) |
Trade barriers |
The past two decades of globalisation has seen rapid movements in
The most common route for investments by MNCs in countries around the world is to
Globalisation has led to improvement in living conditions.
Analyze any five positive effects of globalization on the Indian economy.
