Many consumers experience the benefits of globalization, including lower prices and access to exotic products; however, others are concerned with the massive expansion of companies such as Walmart. Why are these consumers concerned?
A)because globalization will inevitably lead to inflation
B)because globalization will cause living standards to increase at a slower rate
C)because globalization causes some job loss as production shifts abroad
D)because globalization has increased global wages

Question

Quizplus · Accepted Answer

Some consumers are concerned about the negative impact of globalization on employment, as it can lead to job loss in certain industries as production shifts abroad. Walmart, as a large global corporation, has been criticized for contributing to this trend by outsourcing jobs to countries with cheaper labor, which can have a negative impact on local communities.

Many Consumers Experience the Benefits of Globalization, Including Lower Prices