What is one major drawback of globalization?

Per later school question and answer requested students to indicate what they feel is the most important factor for a student to do to be able to score success. The one which response stood out from the rest was practice. Successful people commonly not born successful; they become successful by hard work and perseverance. This is how you can complete your goals. in this article, are one of the answer and question example that you could definitely benefit from to practice and supercharge your knowledge and also give you insights that will help you to keep up your study in school.

Question:

What is one major drawback of globalization?

A. Inflation rates have declined significantly because of increased
global trade.
B. Environmental regulations have gotten in the way of economic
growth.
C. Businesses have access to fewer markets when selling their
products.
D. Increased competition can harm businesses in developing
countries.

Answer:

Globalization is the movement of business internationally. It is harmful to developing countries as it increases the competition.

What is Globalization?

It is believed that Globalization started with Columbus’s expedition in 1492. But actually, it started way before with the first movement of Africans to the world in 5000 BCE. It is the movement of a business or organization in the international market.

It has many advantages but the biggest disadvantage of Globalization is harmful to developing countries as it increases the competition in the internal market.

Therefore option D describes the drawback of globalization.

Learns more about globalization here:

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They would probably hopefully assist the student solve the question by working with the questions and answer examples. Then can certainly have some sharing in a group discussion and also study with the classmate about the topic, so another student also own some enlightenment and still keeps up the school learning.

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