8 .Globalization

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6.

Because of the global economy, many goods including what, we use ds doily basics produced by
older countries have to be transported for o long distance. To what extent do the advantages
outweigh the disadvantages?

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26. positive negative idea.


31.
1. Take environmental problems. the Earth is facing the problem of global warming and if the whole
world does not unite to fight this problem, then the day is not far when the whole Earth will become a
boiling pot and life will not be possible here.

2. There are problems like terrorism, which are having a detrimental effect on our society. There are
various global organizations, which are working towards eradicating these issues but it cannot be
possible without trust and harmony between different nations.

3. The poor countries are getting aid from developed countries to develop their infrastructure and
develop themselves. ln these countries many people are suffering from starvation and poverty which can
harm the neighbouring richer nations and that is why all nations realize the importance of maintaining
good relations.

70. , [ all advantages]They train local labour with more sophisticated techniques, which in the
long run bring benefits to the host country. They also raise the growth rate of the host nation by
introducing new investments and new technology. To add to it, they promote efficient production and
bring a broader range of products to the widest possible market.

2. Such MNCs promote the improvement or development of various supporting industries or


complementary industries. For example, if an MNC opens in a place, then many businesses open in the
neighbourhood, which cater to the workers working in these MNCs. ln this way, these MNCs stabilize and
stimulate local economies, and raise standards of living.

3. Another important advantage of MNCs is that they induce their local rivals to become more innovative
and competitive. For instance, it is a well-known fact that the Indian company Videocon has improved its
standard to compete with MNCs such as Samsung and Sony. Finally, these companies promote positive
values, such as diversity, and equality for women. They also create an environment of nonviolence and
international cooperation

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