Disadvantages Of Globalisation

Globalisation is very useful thing in the world because it makes the world shorter and easy to live. The term globalisation may states the methodology by which organisations or different associations create worldwide impact or begin working on a global scale. All countries of the world are connected with each other by the globalisation which might improve the technology, economy and the wealth of the nations. Globalisation has not only benefited all the countries, but some countries have created negative impacts on other countries. Globalisation is said to unite the world, but it has regularly been censured for augmenting the hole between the rich and the poor. Globalisation has affected developed and developing countries in three aspects culture, …show more content…
Sometime the local people influenced by this new arrived culture and they know new traditional activities and fashions this way multinational companies are spreading their culture. Other side, the arrived organisation also brings the local culture to their own country. Asian people are aware about western culture because western countries have ruled over them. Furthermore, people from developing countries are migrating to developed countries for better job opportunities, knowledge and high living standard, so they also aware about the new cultural activities but they forget their own culture and tradition. They also teach their new generation about the new culture and language which leads to destroying their own culture and language. Developed countries have many other things like food obesity, drinks and festivals so they also spread these in other developed and developing countries. For example, McDonald company is originated in the United States, but it has lots of franchises and they are selling their fast food items all over the world. The people from all over the world like the foods which are …show more content…
Due to globalisation, it is possible to invest funds, resources and technology in other countries because they can get cheap labour, low cost raw materials and access to global markets which are pioneer requirements for new business. Developed countries can get the benefits like cheap labours, access to global markets, economic growth, low cost raw materials, global resources, so they can easily expand their businesses in developing countries. Multinational companies can easily get the cheap labour from over populated developing countries like India and China, which helps them to grow more profits from their products, so they prefer to construct their factories and businesses in developing countries. First of all, while constructing more businesses in developing countries help the people of that country to increase more job opportunities and reduce the level of unemployment. On the other side, the people of developed countries have to face some problems like worker redundant. Second, the local businesses of the developing countries are losing their popularity because of new multinational companies and the degradation of the local businesses has happened. Whereas, multinational organisations of the developed countries are expanding more and more and making incredible profits from the global markets. Third, multinational companies