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The Drawbacks of Globalisation

   

Added on  2020-06-03

6 Pages1165 Words156 Views
CONTEMPORARY THEME
The Drawbacks of Globalisation_1
Table of ContentsREFERENCES................................................................................................................................6
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Globalisation: Globalisation stands for the worldwide segregation of international trade,investment, informational technology and culture. It is impelled according to the governmentpolicies and designed to set effective economic internationally to support the development inpoorer country around the world and make effort in order to increase the living standard ofcountry's people. Benefits of globalisation: Globalisation supports the business owner and consumer in order to deeper section ofworker in the country and economic standard of the country. Main benefit of globalisation is that It helps to migration of large amount of workersamong several countries in the world. It helps in gains from the sharing of thoughts, knowledge and engineering across theworld. Competitive companies decrease their profitability in the country and it leads to seek costminimising innovation process that decrease inflation rate within country. Drawbacks of Globalisation:It could help in raising wide range of inequality between income and wealth of eachperson in the country. High level demand of food and energy product can increase the consumption andinflation rate within the country effectively. Globalisation assists rich person make richer and poor persons make poorer within thecountry. It can formulate trade imbalance within the country effectively by increasing tradingcompanies existence.Lower unit worker innovation can increase the high level of unemployment within thecountry in effective manner. Corporate social responsibilities: CSR is an initiative which is taken by corporation inorder take responsibilities towards the environment and social well-beingness as well. Theirinitiatives can promote the social and environmental change in positive form. Benefits of Corporate social responsibilities:
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