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Globalisation

 

Globalisation:

There are many aspects to globalisation.

Goods produced in one country become easily accessible to others.

The economy is strengthened.

Trade between countries facilitates free movement of goods.

Political relationships are fostered.

Investment opportunities and mutual assistance increase the process of give and take.

Increase in job opportunities reduces poverty.

Multi National Companies also encourage a spirit of competition.

However, globalisation is a mixed blessing.

Companies tend to hire workers on a lower pay, which results in exploitation.

There is no job security as companies may wind up at any time.

Traditional jobs can be crushed.

In developing countries, MNCs can take the upper hand.

It is essential to have proper laws and agreements:

Terms and conditions must be carefully mentioned by the Government.

Global regulations of salaries must be a priority.

Tariff rates are often a subject of controversy.

Resource exploitation and environmental pollution must be checked.

Thus globalisation is not always beneficial.

The pros and cons must be taken into consideration.


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