Which of the following is a concern associated with globalization?Aexploitation of workersBfinancial marketsCdecreased specialization of laborDdecreased comparative advantages
Question
Which of the following is a concern associated with globalization?Aexploitation of workersBfinancial marketsCdecreased specialization of laborDdecreased comparative advantages
Solution
The concern associated with globalization from the options provided is A: exploitation of workers.
Here's why:
A. Exploitation of workers: Globalization can lead to situations where companies move their operations to countries where labor is cheaper and regulations are less strict, which can lead to exploitation of workers. This is a valid concern associated with globalization.
B. Financial markets: While globalization can lead to instability in financial markets, this is not inherently a concern with globalization itself, but rather how financial markets are managed within a globalized economy.
C. Decreased specialization of labor: Globalization often leads to increased specialization as countries and businesses focus on specific sectors where they have a competitive advantage. Therefore, this is not typically a concern associated with globalization.
D. Decreased comparative advantages: Similar to the above, globalization often increases comparative advantages as countries are able to focus on industries where they have the most to offer. This is not a concern associated with globalization.
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