SSC
GENERAL ECONOMICS
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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: -Globalization can be seen as a new form of colonization or imperialism, as economic inequality and the rise in unemployment have followed with its implementation. Globalization has been criticized for benefiting those who are already large and in power at the cost of endangering the countries’ indigenous population.
Detailed explanation-2: -Globalization has aided deforestation and the huge consumption of non-renewable fossil fuels and natural resources. Globalization places a strong focus on commerce, including import and export. If the demand exceeds the supply, exporting might lead to deforestation.
Detailed explanation-3: -Under this umbrella of shared concerns, the various groups tend to cluster around one of three issues as a focus of their particular globalization critique: • the environment, • human rights and worker rights, and • inequality and poverty, particularly in developing countries.