question_answer

Explain any two positive and any two negative effects of globalization.

Answer:

Positive Effects:

(i) Countries which have had faster economic growth have been able to improve living standards and reduce poverty. India has cut its poverty rate in half in the past two decades.

(ii) Improved wealth through the economic gains of globalization has led to improved access to health care and clean water which has increased life expectancy.

Negative Effects:

(i) Some countries have been unable to take advantage of Globalization and their standards of living and dropping further behind the richest countries.

(ii) Increased trade and travel have facilitated the spread of human, animal and plant diseases like HIV/AIDS, SARCs and bird flu, across borders.