ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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helps spread the best of each country’s culture.
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reduce income inequality.
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causes degradation to the world’s environment.
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helps each country safeguard the best of its own culture
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Detailed explanation-1: -Opponents of globalization argue that it causes a “race to the bottom” in environmental conditions. Research shows that pollution-intensive U.S. companies tend to invest in nations with stricter environmental standards.
Detailed explanation-2: -In the context of the environment, globalization critics argue that: adhering to labor and environmental regulations significantly increases the costs of manufacturing enterprises.
Detailed explanation-3: -In addition to increasing greenhouse gas emissions, globalization has caused many animals’ natural habitats to fall victim to increased farming, ranching, fishing, and other economic activities. The more forests are cut down and the more waterways are overfished, the poorer and unhealthier our environment becomes.
Detailed explanation-4: -The process of globalization benefits economic growth by advancing economic, social, and political development within a country; however, globalization is also increasing CO2 emissions, resulting in climatic change and environmental degradation (3).