Explain the effects of globalisation on the economy of a developing country that you have studied. - Leaving Cert Geography - Question C - 2010

Globalisation has led to increased foreign direct investment (FDI) in India, resulting in infrastructure development, job creation, and economic growth. This influx of capital fosters innovation and increases productivity across various sectors, such as information technology and manufacturing.

However, globalisation can also strain local industries as they struggle to compete with multinational corporations, potentially leading to job losses in traditional sectors. Additionally, it may result in economic disparity as wealth becomes concentrated among a small elite, leaving many in poverty.

Another effect of globalisation is the cultural impact on local communities. The spread of global brands and lifestyles can lead to the erosion of traditional cultures and practices, which can affect social cohesion and identity.