Which of the following is viewed by large segments of the population in many countries as a detrimental effect of globalization?
Group of answer choices Job growth in industries under attack from foreign competitors Upward pressure on the wage rates of unskilled workers Environmental degradation Cultural isolationism of global media and MNEs
The correct answer is letter "C": Environmental degradation.
Explanation:
Globalization has pushed companies to have higher levels of productions to meet the demand of their customers worldwide. This has led to the use of more natural resources even before their renewal cycle. Besides, as the regulations for the use of natural resources is not as strict in developing countries than in developed countries, some multinational firms have moved their operations to countries where natural sources are poorly regulated. Those firms take advantage of the situation to take their production levels to the maximum in detriment to the environment.
