Globalisation — Political Science STD 12 Humanities — Question

Demerits of Globalisation:

1. Political Consequences:

It has affected the traditional conceptions of state sovereignty. The old “Welfare State” is now giving way to minimalist state. The increased role of MNCs leads to reduction in the capacity of governments to take their decisions on their own.

2. Economic Consequences:

• It benefits only a small section of the society.
• It has led to forced globalisation leading to economic ruin for the weaker countries.
• Many call it re-colonisation of the world.

3. Cultural Consequences:

• It leads to the rise of a uniform culture called homogenisation.
• Imposition of Western culture on the rest of the world.
• It leads to shrinking of the rich cultural heritage of the entire globe.