Final answer:
Globalization has both benefits and drawbacks, and there are misleading aspects to consider. Economic freedom for a majority of the world's population is not guaranteed by globalization, and there can be exploitation of labor and the environment by multinational corporations. The international division of labor can also lead to xenophobia and a fear of foreign goods.
Step-by-step explanation:
Globalization has both benefits and drawbacks, and there are aspects that can be misleading. One misleading aspect is the perception that globalization leads to economic freedom for a majority of the world's population. While globalization may create opportunities for economic growth, it can also perpetuate economic inequality and exploit cheap labor in developing countries. Multinational corporations, seeking to maximize profits, often exploit workers and abuse the environment. Another misleading aspect is the international division of labor, which can lead to xenophobia and a fear of foreign goods.