Negative impacts of Globalization:- Globalization increases the activities such as child labour and slavery. It has resulted in fiercely competitive global market. It helps terrorists and criminal. Fast food chains like Mc Donald's and KFC are spreading fast which in the result, the degradation of the health and spread of diseases increases. Rich are getting richer and the poor are struggling for a square meal. Lower wages that are given to labours. In order to compete in the world market, exporters try and cut labour costs and workers are denied their fair share of benefits as manufacturers are always on the look out for cheaper labour. Negative effects of globalization for developing country business the growth of international trade is exacerbating income inequalities, both between and within industrialized and less industrialized nations global commerce is increasingly dominated by transnational corporations which seek to maximize profits without...
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Showing posts from October, 2021