Which of the following statements is a general implication of globalization?
A)Globalization is inevitable.
B)From a purely economic perspective,globalization is all good.
C)Globalization has no negative impacts on the economies of the developed world.
D)Globalization has reduced the risks associated with global financial contagion.
E)As a result of globalization,a severe crisis in one region of the world can affect the entire globe.

Question

Quizplus · Accepted Answer

Globalization has led to an increased interconnectedness between countries and economies, which means that a crisis in one region can have ripple effects across the globe. While globalization is often touted for its potential economic benefits, it also brings about challenges and negative impacts such as increasing inequality, job displacement, and environmental degradation, which are becoming more widely acknowledged.

Which of the Following Statements Is a General Implication of Globalization