Globalization is the process of countries becoming more open to foreign Some people are opposed to globalization because they
A. believe globalization destroys the distinctive cultures of many countries.
B. want to erect trade barriers to protect domestic firms from foreign competition.
C. believe globalization favors the interests of high-income countries at the expense of low-income countries.
D. Only A and B above.
E. All of the above.
The correct answer and explanation is:
The correct answer is E. All of the above.
Globalization refers to the increasing interconnectedness of countries through trade, culture, technology, and communication. However, it has sparked opposition for several reasons, each of which is reflected in the choices provided.
- Cultural concerns: Many critics of globalization believe that it threatens the unique cultures of smaller or developing countries. As global companies and ideas spread, local traditions, languages, and values can become diluted or overshadowed by foreign influences. For example, the widespread adoption of Western consumer culture in many parts of the world can erode local customs and ways of life.
- Trade barriers and protectionism: Some oppose globalization because it often leads to increased foreign competition, which can harm domestic industries. In response, these individuals may support trade barriers, such as tariffs or import restrictions, to protect local jobs and industries. This is particularly common in industries that struggle to compete with cheaper foreign goods.
- Economic inequality: Another concern is that globalization may disproportionately benefit high-income, developed countries while leaving poorer, low-income nations behind. Critics argue that multinational corporations often exploit cheap labor in developing countries, leading to greater income inequality both within and between nations. In addition, economic growth in lower-income countries may not always translate into better living standards for the average person.
Thus, each of these concerns plays a role in why people may oppose globalization, and all of them together contribute to the broader debate on the benefits and drawbacks of increased global interconnectedness.