BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not an impact of globalization?
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Cross national business alliances and mergers.
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Access to markets and enhanced competition
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Increase in labour costs
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Narrowed economic divisions among countries
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Explanation:
Detailed explanation-1: -Therefore, globalization and a large trade deficit have not led to a significant decline in wages and unemployment in the non-tradable sector.
Detailed explanation-2: -Negative Effects An increase in hidden unemployment, a lack of new job openings, and a deterioration of real wage rates are the consequences of globalization in most developing economies, which were unable to adapt the new technologies.
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