"The impact of globalization has not …

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"The impact of globalization has not been uniform ".explain this statement.

Posted by Mahi ✌?? 6 years, 9 months ago

CBSE > Class 10 > Social Science

3 answers

Last Bencher 6 years, 9 months ago

Refer page no 66 economics text book

0Thank You

Yogita Ingle 6 years, 9 months ago

It is true that the impact of globalisation has not been uniform.
This can he explained through the following points
(i) Globalisation has some negative impacts on employment and real wages. Due to ushering in of new technologies, output increases, but employment opportunities are not much, especially in rural areas, where over 60% of the population lives.
(ii) Globalisation is mainly beneficial to‘large capitalists, industries and large companies. Consequently, it increases the concentration of economic power and leads to inequalities.
(iii) In India, during 1990-9.1 more than 33% of national product originated in the agricultural sector, but this share has come down to 23% in 2004-05.

1Thank You

Shriya S 6 years, 9 months ago

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