Globalisation

Question

Describe the criticism against globalisation that has been generated all over the globe.

Answer

Criticism against globalisation are'


(i)Those on the left argue that contemporary globalisation represents a particular phase of global capitalism that makes rich richer and the poor poorer.

(ii)Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor.

(iii) It is against self-reliance and protectionism as globalisation will harm traditional cultures. People will lose their age-old values and ways.

(iv) Some critics think that globalisation is another form of imperialism. In 1999 at WTO Ministerial Meeting there were protests at Seattle alleging unfair trade practices by the economically powerful states.

 

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