Answer :

Globalization means the integration of the domestic economy with the international economy through trade, capital, and technology flow. It has been a great boon to the economy. ‘The impact of globalization is not uniform’.This statement is explained below:

a. Globalization has led to an increase in the GDP of countries, increased investment, increase the volume of trade, and provided employment.


b. On the other hand, it has increased income inequality, leading to the contractualization of labour and hazardous industries to developing countries.


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