CSEET · Economic and Business Environment · Global Environment
Which of the following is a commonly cited criticism of globalisation?
A common criticism is that globalisation can widen inequality and hurt small domestic producers who struggle against large global competitors. The other statements are wrong because globalisation generally increases trade, technology transfer and capital mobility rather than reducing or preventing them.
- AIt can widen inequality and hurt small domestic producers who cannot compete with global firmsCorrect
- BIt always reduces the volume of international trade
- CIt prevents any transfer of technology between countries
- DIt makes migration of capital impossible
Explanation
Critics argue that globalisation may benefit skilled workers and large firms more, widening inequality and displacing small producers facing stronger competition. The other options contradict its basic features, since it increases trade, technology transfer and capital mobility.
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