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People who oppose globalisation gives which of the following arguments?
Weakening of social safety net
Increase in inequality
Unemployment
All of the above
- Weakening of social safety net: Critics argue that globalization pressures governments to reduce spending on social programs to remain competitive, undermining social safety nets.
- Increase in inequality: Globalization can lead to a concentration of wealth in certain regions or social groups, increasing the gap between the rich and the poor.
- Unemployment: The relocation of industries to countries with cheaper labor can cause job losses in more developed economies.
All of the above: Those opposing globalization often cite all these arguments as concerns about its impacts.
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By: Parvesh Mehta ProfileResourcesReport error
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