Explain any four consequences of globalisation. 

Consequences of Globalisation:

 (i) The old welfare state is now giving way to a more minimalist state that performs certain core functions such as the maintenance of law and order as well as security of its citizens. It withdraws from many of its earlier welfare functions directed at economic and social being.

 (ii) The entry and the increased role of multinational companies all over the world has led to a reduction in the capacity of government to take decision on their own.

 (iii) Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced.

 (iv) Cultural effect of globalisation leads to the rise of a uniform culture i.e. homogenization, imposition of western culture on the rest of the world.