What is one major criticism of globalization? A. It can lead to job losses in some industries. B. It can isolate countries from one another. C. It can force governments to lower tax rates. D. It can lead to major conflicts and wars.
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Bonus Knowledge
One major criticism of globalization is that it can lead to job losses in some industries. As companies move operations to countries with cheaper labor costs, workers in developed nations may find themselves laid off, sparking economic and social unrest. This shift can create a divide between those who benefit from globalization and those who lose their jobs due to it. Another aspect to consider is that globalization can exacerbate inequality. Wealth tends to concentrate in the hands of those who are able to adapt quickly to global markets, while others may struggle to compete. This growing gap can lead to frustration and discontent, influencing political landscapes and contributing to the rise of populist movements in many countries.
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