According to globalization opponents, what is a disadvantage of globalization?

a. Free trade limits countries from specializing in the production of those goods and services that they can produce most efficiently

b. As a result of globalization, living standards of unskilled workers in developed nations have declined

c. Globalization results in companies "exporting jobs" to low-wage nations.

d. Globalization makes it difficult for poor countries to export more of their agricultural production.

e. As a result of free trade, the wage gap between developing and developed nations is broadening.

Question

Mitchell Tapia

Business

21 December, 02:04

According to globalization opponents, what is a disadvantage of globalization?

a. Free trade limits countries from specializing in the production of those goods and services that they can produce most efficiently

b. As a result of globalization, living standards of unskilled workers in developed nations have declined

c. Globalization results in companies "exporting jobs" to low-wage nations.

d. Globalization makes it difficult for poor countries to export more of their agricultural production.

e. As a result of free trade, the wage gap between developing and developed nations is broadening.

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Answers (1)

Know the Answer?

Grady Lamb · Answer 1

The correct answer is letter "C": Globalization results in companies "exporting jobs" to low-wage nations.

Explanation:

Globalization has brought advantages and disadvantages. Outsourcing - the act of hiring abroad a third party company to perform production as in the hiring country to reduce costs - is a strategy that can benefit industries but nor employees. By outsourcing, a great number of job opportunities are being provided to foreign workers who might be less skilled than domestic employees but whose wages are lower.