Nitin , asked a question
Subject: Social Science , asked on 29/12/12

positive and negative impacts of globalisation

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Mrudhulaa , added an answer, on 19/10/13
141 helpful votes in Social Science

positive impact:

mnc's have increased their investments in, industries like cell phones, automobiles etc...

new jobs were created 

competition raised production standards

companies benefitted from increased competition

made collaborations and emerged mnc'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

globalisation has a negative impact on most of the small industries which employ the largest number of workers after agriculture


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Kshitij , added an answer, on 29/12/12
1 unhelpful votes in Social Science

Positive impact 

Increased Investment,New Jobs Created, Local Company supplying raw materials prospered, Indian companies became Multi Nationals, Created new opportunities for companies in proving services like IT

Negative Impact

For small producers it was compete or perish, Competition and certain employment

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