Final answer:
Higher prices, option B are not typically an issue caused by globalization. In fact, globalization is often associated with lower prices alongside concerns like wealth inequality, environmental damage, and job losses.
Step-by-step explanation:
Globalization and Its Impact
Among the issues caused by globalization, higher prices is not typically considered one of them. Instead, globalization is often associated with lower prices for consumers due to increased competition and efficiency in production. However, wealth inequality, environmental damage, and job losses are all pressing concerns associated with globalization. Wealth inequality arises as globalization can disproportionately benefit wealthier individuals or corporations. Environmental damage is exacerbated by the movement of industrial activity to countries with laxer environmental regulations, and job losses can occur when companies relocate to countries with cheaper labor costs. Thus, the correct answer is B. Higher prices.
Globalization does contribute to some positive outcomes such as advancements in trade, but also presents challenges. For example, economic tradeoffs are a major concern in international conferences on global environmental damage, where low-income and high-income countries must negotiate their respective burdens and contributions to combating the issue. In poorer countries, the quest for economic growth can result in greater environmental degradation as a consequence of attracting global industries. Furthermore, globalization has the potential to provoke political action within nation-states as citizens demand protective measures against its negative effects.