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Question
multiple choice question
one concern voiced by critics of globalization is that
an interdependent global economy shifts economic power away from national governments and toward organizations such as the united nations.
globalization increases the wage rates of unskilled workers in advanced countries.
with globalization, companies are likely to move their operations to countries with more stringent labor and environment regulations.
falling barriers to cross - border trade and investment reduce job opportunities in developing nations where wages are much lower.
Critics of globalization argue that the growing interdependence of the global economy reduces the ability of national governments to set independent economic policies, as power shifts to international bodies like the UN. The other options are incorrect: globalization typically lowers wages for unskilled workers in advanced nations; companies move to countries with less strict regulations; and falling barriers create, not reduce, jobs in low-wage developing nations.
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A. an interdependent global economy shifts economic power away from national governments and toward organizations such as the United Nations.