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padilas [110]
3 years ago
9

In what way is globalization a disadvantage for developed nations?

Business
1 answer:
erastovalidia [21]3 years ago
3 0

.

Businesses and corporations relocate to developing nations so they don't have to pay the wages that developed nations pay their workers. Many of these nations do not have the same regulations in regards to workers' rights, benefits, safety, and environmental impact. Because companies aren't subject to these regulations, they are able to save millions of dollars. As a result, businesses shut down operations in the U.S. and other developed nations and move those jobs abroad.

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