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Which is not an issue caused by globalization? A wealth inequality b environmental damage c gher prices d job losses

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The answer to me is C
User Kulesa
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The correct answer is C.

In fact, globalization pushes prices downwards rather than upwards. Globalization implies market integration and therefore the removal of former trade barriers. Integrated markets include a larger number of firms than before. These compete fiercely intending to earn a higher share of the profits of the industry and therefore, they keep on lowering prices below the price level charged by the competitors, aiming to attract a larger proportion of consumers.

User Paul Panzer
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