Describe the major problems created by the globalization for a large number of small producers and workers

cbse
economics
globalisation-indian
cbse-class-10
cbse-class-10-social

#1

Describe the major problems created by the globalization for a large number of small producers and workers.

Answer:
Globalization for small producers and workers

  • It may lead to widening of income inequalities among various countries
  • Workers jobs are no longer secure.
  • Expansion of unorganized sector.
  • Small manufacturers have been hit hard due to severe competition.
  • Several units have been shut down rendering many workers jobless.
  • Lives of workers are on the whims of employers.
  • Workers are denied their fair share of benefits.