The downside of globalization is that corporations are free to take full advantage of less restrictive legal environments in developing countries.

Question

Quizplus · Accepted Answer

Globalization has led to the opening up of markets and the increasing mobility of capital, allowing corporations to exploit less restrictive legal environments in developing countries for their own benefit. This has resulted in various negative impacts, such as the exploitation of workers, environmental degradation, and the widening of income inequality.

The Downside of Globalization Is That Corporations Are Free to Take