Negative Effects Of Globalization

Inequality Due To Globalization


Globalization has thrown open varied challenges such as inequality across and within

different nations, volatility in financial market spurt open and there were

worsening in the environmental situation. Another negative aspect of globalization

was that a majority of third world countries stayed away from the entire limelight.

Till the nineties, the process of globalization in the Indian economy had been

guarded by trade, investment and financial barriers. Due to this, the liberalization

process took time to hasten up. The pace of globalization did not start that

smoothly.