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| 1. |
The policy of globalisation has failed to solve the social and economic problem. Justify |
| Answer» 1) It is evident that globalisation increases foreign investment and job opportunities in developing countries. But it has its own pros and cons.\xa02) Globalisation is a failure\xa0for large number of small producers and workers as they could not cope up with advanced technology utilised by MNCs. Small manufacturers, job workers, etc who supply accessories to such MNCs\xa0could not avail full benefit from them\xa03) Economic disparities increase as only the well to do or wealthy people can buy products produced by foreign companies. The middle class buying society are either ignored or do not have the ability to buy such products produced by global companies4) Moreover, in regard to employment opportunities only the skilled labour force who are educated and possess the talent to do the job offered by MNCs can avail employment while rest of the unskilled labour have to go without work or take up the jobs that come on their way for their living\xa0 | |