Final answer:
The statement is false. Critics of globalization argue that it diminishes the economic power of national governments, giving more influence to multinational corporations.
Step-by-step explanation:
According to critics of globalization, today’s interdependent global economy does not place more economic power in the hands of national governments. The statement is false. Critics argue that globalization gives too much power to multinational corporations and diminishes the influence national governments have on their economy. These corporations often influence political decisions due to their financial strength and international reach. Globalization has led to the redistribution of economic activities on a global scale, which can undermine nation-states and local communities' ability to autonomously regulate corporate practices. Moreover, issues like environmental damage and labor exploitation are frequently highlighted as negative consequences of globalization. This interconnectedness also leaves economies more susceptible to ripple effects from financial crises.