219k views
5 votes
According to globalization opponents, what has increased in wealthy advanced economies as a result of globalization

1 Answer

1 vote

Answer: A. unemployment

Step-by-step explanation:

Globalization opponents in developed countries believe that unemployment has increased in developed countries due to globalization.

They point to the importation of goods and services at a cheaper rate than would have been produced in the developed country thereby causing factories and firms that produce said goods and services to either reduce their workforce or close down to avoid making losses.

Some companies such as Nike also preferred to outsource their production to developing areas like South-east Asia to reduce labor costs. These were jobs that opponents of globalization believe would have remained in developed countries if not for globalization.

User Tarang Bhalodia
by
3.8k points