An international nonprofit organization conducted a primary study on the profitability of local businesses in a less-developed country.The study concluded that the presence of multinational corporations based in advanced nations have reduced the profitability of the local traders by reducing the demand for local products.Which of the following best exemplifies the view mentioned in the above scenario?

Question

Quizplus · Accepted Answer

The view expressed in the scenario is that multinational corporations from advanced nations have reduced the profitability of local traders in less-developed countries. This suggests cultural imperialism, as the dominance of a foreign culture and economic system is negatively affecting the local economy.

An International Nonprofit Organization Conducted a Primary Study on the Profitability