Question

Which of the following would likely help mitigate some of the negative impacts of globalization?

a.) Nothing, globalization benefits all parties involved.
b.) Private companies cutting costs in order to boost productivity
c.) Re-examining supply chains to ensure they conform to labor laws
d.) Reinvesting excess profit back into the company to see continued growth

Answer 1

Re-examining supply chains to ensure compliance with labor laws could mitigate negative impacts of globalization, such as labor exploitation and environmental damage.

Step-by-step explanation:

One of the likely ways to mitigate some of the negative impacts of globalization is by re-examining supply chains to ensure they conform to labor laws. This action addresses concerns over outsourced labor and weaker environmental regulations in countries where factories often relocate. Globalization critics argue that corporations may exert disproportionate influence over governments, to the detriment of local communities and workers. On the other hand, defenders of globalization emphasize increased productivity, international awareness, and potential for wealth creation. Despite this, to prevent exacerbating global inequalities, efforts towards ensuring fair labor practices and adherence to environmental standards are crucial.