merits and demerits of globalisation
globalisation is integrating a economy to the world economy........
merits.....
improvements to every corners like technology,competetions to world market, share markets..etc..
demerits..
like malpractice of passing world wide drug system as reported in australia in 2001 to europe which lasted to2005.
malpractice is everywhere so it is one of the threat not a demerit.....
thanks for you 's help
merits:
1)The level of technology would improve because of foreign technology.
2)It will raise productivity and average living standards.
demerits:
1)New technology is not appropriate to indian conditions.It is complicating problem instead of solution.
2)Many small companies are not able to face competition so therenis a fear that they may be closes.
hope it helps!!!!!!!!!!
thankyou for helping me