Why do many people fear trade and globalization?
A)Trade and globalization will increase per capita income.
B)An open economy spurs innovations with fresh ideas from abroad.
C)Many fear trade and globalization will lead to massive job losses.
D)Free trade and globalization lead to increased productivity.
E)Export jobs often pay less than other jobs.

Question

Quizplus · Accepted Answer

Many fear trade and globalization because they can lead to job displacement in certain sectors as economies adjust to global competition, causing concern over massive job losses.

Why Do Many People Fear Trade and Globalization