Question 6

“The impact of globalisation has not been uniform.” Explain this statement.

Answer

The impact of globalization has not uniform because it has benefitted only the
rich and developed countries. The developing countries are only a sources of setting industries and getting cheaper labour and the entire profits are earned by
the developed countries. Many small manufactures with low capital have not been able to withstand the competition from the large MNCs. Workers are now
employed flexibility in the face of growing competition. This has reduced their job security.

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