Many economists agree that globalization:
A)will continue indefinitely.
B)is good for some nations but bad for many more nations.
C)is good because it raises the standard of living for all global citizens.
D)is good because it allows firms to earn maximum profits.

Question

Quizplus · Accepted Answer

Many economists argue that globalization has led to an overall increase in the standard of living for global citizens through improved access to goods, services, and employment opportunities. While there are certainly winners and losers within individual nations and industries, proponents of globalization argue that the benefits outweigh the costs in the long run.

Many Economists Agree That Globalization