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According to critics of globalization, _____.
A) new technologies and the investment of foreign capital in developing countries may actually increase levels of inequality
B) as countries trade and do business with one another, they make products and services more expensive
C) globalization in developed markets makes it difficult for employers to move jobs to cheaper locations
D) globalization decreases the rate of development for lifesaving devices and medicines that improve living conditions
Levels Of Inequality
Describes variations in income, wealth, or opportunity between different groups within a society, nation, or globally.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, fostering global trade and the exchange of ideas.
Foreign Capital
Investment funds originating from outside a country, used to finance domestic business operations and economic development.
- Examine the moral and economic repercussions of globalization.
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Learning Objectives
- Examine the moral and economic repercussions of globalization.
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