Supporters and critics of globalization appear to agree that globalization prevents dislocation in labor markets.

Question

Quizplus · Accepted Answer

Supporters of globalization argue that it leads to increased efficiency and economic growth, which in turn leads to job creation. However, critics argue that globalization can result in job losses and wage stagnation, particularly in industries that face increased competition from foreign countries with less stringent labor and environmental regulations. Therefore, it is not true that globalization prevents dislocation in labor markets.

Supporters and Critics of Globalization Appear to Agree That Globalization