"The impact of globalization has not …
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Posted by Mahi ✌?? 5 years, 1 month ago
- 3 answers
Yogita Ingle 5 years, 1 month 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.
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