Answers
Related Questions
What is one of the drawbacks to globalization?
A. Developing countries are industrializing and improving
infrastructure at a rapid rate.
B. Companies charge lower prices for their goods and services to .
compete in the global economy.
O C. Producers have increased freedom to move their operations to
lower-cost regions of the world.
D. Countries and businesses must reduce wages paid to workers in
order to attract foreign investment.
Answers
Answer:
D. Countries and businesses must reduce wages paid to workers in
order to attract foreign investment.
Explanation:
Above is one of the drawbacks to globalization; it's the reason why wages for many workers in countries such as Mexico and China are very low.
The drawbacks to globalization is countries and businesses must reduce wages paid to workers in order to attract foreign investment. Thus, option D is correct.
What is Globalization?Globalization has made communication between countries easier to share information openly. This has also helped to increase the speed of transportation of products. Globalization brings nations together, breaking down cultural barriers and turning the world into a global village.
Technology not only changes the way we produce and connect, but also enables more humans to create and test new objects and ideas, reducing the costs and risks of innovation and product development, even in developing countries.
Globalization has positive effects such as increase in national income, access to global capital, emergence of new business opportunities, increase in loans and investments, transfer of technology, development of energy and communication infrastructures. Improvement of labor quality and working conditions.
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