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Question

Write five advantages and five disadvantages of globalisation.

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Solution

Impact of globalisation on:

  • Producers: Tough competition faced by the producers in the native country by the producers of foreign markets
  • Workers: Job insecurity, denial of fair share in the benefits brought about by globalisation.

Other impacts:

  • Increase in the foreigh trade
  • Increase in foreign investment
  • exchange of technology between countries.
  • Better means of communication have developed alongside globalization
  • Better job opportunities for people gave rise to migration

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