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Q.

Which one of the following is NOT a negative impact of globalisation?


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a

Widening of income inequalities

b

Environmental degradation

c

Better quality products

d

Exploitation of labour markets 

answer is C.

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Detailed Solution

“Better quality products” is not a negative impact of globalisation; instead, it is one of the pros.
The adverse effects of globalisation are:
1)      There is increased income inequality in the country due to globalisation. Moreover, rich countries have benefitted more than developing ones.
2)      Many local producers have to shut their businesses down due to their inability to handle the competition.
3)      To provide goods and services at competitive prices, producers try to save on costs by lowering wages, ensuring long working hours, and denying the workers various social benefits. Thus, they exploit the workers to increase their profits.
4)      Due to globalisation and increased production, there is severe environmental degradation.
 
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