Question

Q1: What factors have contributed to the rise of globalization? Why haven’t its effects been consistent in all nations?

Q2: Have the effects of globalization been positive or negative? Explain.

Answer 1

Answer:

Given

Globalization-

It is a process of interacting and doing business with foreign country's people and companies.

Q1:

factors that  contributed to the rise of globalization are as follows:

They are:

• Technology
• Political changes
• Resources
• Import and Export

Explanation:

Technology-

From last two decades technological advancement has taken the companies and people to the next level.

Technology has played a great role in globalization.

People and companies are becoming global as new and easy technology is available to everyone.

Political changes-

Now Government has made such policies that are good and liberal for international trade so that foreign currency flow can come in the domestic country.

Resources-

If we talk about USA, many people from different countries work here because labor from another country is cheaper, people come and are ready to work on site at lower pay scale.

Import and Export-

Import and Export have played an important role in globalization.

Countries which cannot produce some products, import it at cheaper prices and export the items which they can make in abundance.

Its effects have not been consistent in all nations:

Reason:

Based on the above factors that are contributed by the Globalization, Its effects have not been consistent in all nations.

Q2:

The effects of globalization been positive or negative is:

The effect of globalization is positive.

Explanation:

Each coin has two sides so as the Globalization too.

Globalization has made the life of people easy but on the other hand, it has its own disadvantages too.

Overall if we see, globalization is good for countries, country's economy grow and employment increases due to globalization.

So effect of globalization is positive.