Impact of Globalization

Impact of Globalization

(a) Corporations got a competitive advantage from lower operating costs, and access to new raw materials and additional markets.

(b) Multinational corporations (MNCs) can manufacture, buy and sell goods worldwide.

(c) Globalisation has led to a boom in consumer products market.

(d) The advent of foreign companies and growth in economy has led to job creation.

(e) Globalisation has touched every aspect of agriculture like technological advancement, improved production techniques and quality based enhancement.