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What's an example of a negative consequence of economic globalization?

A. Teenagers in France going to watch American movies produced in Hollywood
B. American automobile manufacturers firing their workers and moving operations to China
C. Asian companies working on vaccines by collaborating with universities in Latin America
D. Australian paper companies destroying forests throughout their country


Sagot :

Answer:

B. American automobile manufacturers firing their workers and moving operations to China

Explanation:

I just took the PF test.

The one that illustrates a negative outcome of economic globalization would be:

B). American automobile manufacturers firing their workers and moving operations to China.

  • 'Economic Globalization' has revolutionized trade globally by making the various technologies, products, and services available at every corner of the world.
  • However, this has certain disadvantages as well which primarily include displacement of jobs as the firms focus more on expansion with lower-cost workers.
  • This results in disparity in income, as well as, a class gap which makes the situation even worse.

Thus, option B is the correct answer.

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