impact of globalisation on small producers
Impact of globalisation on small producers:
- For a large number of small producers and workers globalisation has posed major challenges. They either have to compete or perish.
- Small manufacturers have been hit hard due to competition with global products.
- Small scale industries like that of batteries, capacitors, plastics, toys, tyres etc. have suffered great losses in their businesses.
- Millions of the workers have gone jobless.
- Several small factory units are forced to shut down.
- Bigger units like malls have engulfed small markets and shops.