Question

All of the following have been negative effects of globalization except what?

Answer 1

All of the following have been negative effects of globalization except Higher prices for consumers.

Correct answer:

C. Higher prices for consumers

Globalisation manages principally within the interests of the highly developed countries, that still influence a command over world trade at the expense of developing countries.

Answer 2

Answer:

C. Higher prices for consumers

Explanation:

Globalization is an economic, technological, political, social, business and cultural process on a world scale that consists in the growing communication and interdependence between the different countries of the world uniting their markets, societies and cultures, through a series of social transformations, economic and political issues that give them a global character. Globalization is often identified as a dynamic process produced mainly by society, which has opened its doors to the information revolution, reaching a considerable level of liberalization and democratization in its political culture, in its national legal and economic order, and in their national and international relations.