Disadvantages of Globalisation

Disadvantages of Globalisation

1. More inequalities

   • Larger gap between rich and poor
   • Middle class are becoming wealthier, rich are becoming super rich
   • Globalisation only has positive impacts for the upper and middle class

2. More informal sector employment

   • Bad working conditions (health risks, fatal accidents)
   • Low, unstable income
   • Exploitation of workers
     • More child labour
   • Fish processing industry affected
     • Bad working conditions for women (long hours, low wages, being harassed)

3. Impacts on agriculture

   • Needing to increase production to meet demands
     • More products needed in less time
   • Exploitation of workers (forced labour in order to increase production times but cut costs)
   • Environmental impacts
     • Construction destroys rural land
     • Pollution from construction and factories

4. Indian companies can't compete with foreign ones and are forced to close

   • Consumers prefer foreign products and don't buy from Indian companies

5. Advanced technology requires fewer workers

   • Fewer jobs available
     • People are forced to work in the informal sector