131k views
2 votes
Globalization is about the fair and equal trade of resources for money.
A.True
B.False

User Szatkus
by
8.0k points

1 Answer

2 votes

Final answer:

The statement is false; while globalization involves international trade, it does not inherently guarantee fair and equal trade of resources for money and often benefits multinational corporations, sometimes at the expense of resource-dependent countries.

Step-by-step explanation:

The statement that globalization is about the fair and equal trade of resources for money is false. Globalization refers to the integration of governments, cultures, and financial markets through international trade into a single world market. While it includes the increase of international trade and financial capital flows, globalization does not inherently guarantee the fair and equal trade of resources for money. In fact, the process often benefits multinational corporations and can lead to unequal power dynamics where political decisions are influenced by financial players, sometimes to the detriment of countries dependent on natural resource extraction. Globalization has a mixed impact, combining economic, philanthropic, entrepreneurial, and cultural efforts, which sometimes bring obvious benefits but also raise concerns about economic disparities and cultural colonialism.

User Traynor
by
8.8k points