Solution

The following reasons have been raised in opposition to economic reforms:
(a) Privatization promotes the consolidation of oligopolistic power in the hands of large corporations. Greater income and wealth disparities are the outcome.
(b) Local producers have been crushed by globalization because they cannot compete with low-cost imports.
(c) Growing worker dissatisfaction is a result of economic changes. Workers have protested over low salaries, terrible working conditions, authoritarian management rule, long work days, and reduction in social benefits.
(d) As a result, public employees are now in worse shape. Public employees are significantly harmed by budget cuts, privatization and substantial loss of purchasing power.
(e) The loss of state subsidies, the deindustrialization, and the influx of low-cost imports have a negative impact on the small business class.
(f) During the globalisation period, the income of around 500 million individuals in South Asia decreased. Data demonstrates that it is the poor who have suffered most.
(g) The social safety net's protections have been undermined since the government is powerless to assist those who have been harmed by globalisation.
(h) The streets of the haves and the have-nots appear to be sharply segregated in the global community. The typical person in Norway, a nation with the greatest level of human development, and the average person in Niger, a nation with the lowest level of human development, undoubtedly reside in various human development districts around the world.