Answer:
Globalisation
is two faced because of the following reasons
(i) Not everyone has benefitted from
globalisation. People with education, skill and wealth have made the best use of
the new opportunities.
(ii) On the other hand, many small producers and workers have suffered
as the result of the rising competition. They have not shared the benefits
of globalisation.
(iii) Globalisation is beneficial to MNCs but quite
harmful to workers, small industries and traders who cannot compete with MNCs.
(iv) It has enabled some large Indian companies to emerge as
multinational such as Tata Motors, Infosys, Ranbaxy, etc. While many small
scale industries had to close down their units.
(v) The globalisation and greater competition amongst the producers
have been of great advantage to the consumers. They have now greater choice and
improved , quality at lower prices.
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