Answer to Question #262776 in History for cessy

Question

Negative impacts that were evident as globalization continue of transpire

Answer 1

An increase in hidden unemployment, a lack of new job openings, and a deterioration of real wage rates are the consequences of globalization in most developing economies, which were unable to adapt the new technologies.the volume and volatility of capital flows increases the risks of banking and currency crises, especially in countries with weak financial institutions. competition among developing countries to attract foreign investment leads to a “race to the bottom” in which countries dangerously lower environmental standards.The negative Effects of Globalization on Indian Industry are that with the coming of technology the number of labor required decreased and this resulted in many people being removed from their jobs. This happened mainly in the pharmaceutical, chemical, manufacturing, and cement industries.