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

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asked Jul 17, 2017 in Economics by Deepakk (585 points) 15 34

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answered Jul 17, 2017 by faiz (82,347 points) 6 6 11
 
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"The impact of globalisation has not been uniform". The truth of this statement can be verified if we observe the impact of MNCs on domestic producers and the industrial working class. Small producers of goods such as batteries, capacitors, plastics, toys, tyres, dairy products and vegetable oil have been hit hard by competition from cheaper imports. Also, workers are now employed "flexibly" in the face of growing competition. This has reduced their job security. Efforts are now on to make globalisation "fair" for all since it has become a worldwide phenomenon.

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