This topic contains a solution. Click here to go to the answer

Author Question: A. Define the term globalization. b. Describe the benefits of globalization. c. Who is likely to ... (Read 1216 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
a. Define the term globalization.
  b. Describe the benefits of globalization.
  c. Who is likely to oppose globalization and why?
 
  What will be an ideal response?

Question 2

Compared to the previous 20 years, productivity growth in the United States increased between 1996 and 2014.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

a. Globalization refers to the process of countries becoming more open to foreign trade and investment.
b. The benefits of globalization include: (1 ) consumers have access to a wider array of goods and services at lower prices than under autarky; (2 ) trade permits a far more efficient allocation of resources than is possible under autarky; (3 ) specialization in production leads to productivity gains which raise a nation's standard of living.
c. Opposition to globalization comes from three sources: (1 ) firms and workers harmed by globalization. The revenues and profits of domestic firms that produce the same goods and services that are imported will fall and some workers may lose their jobs; (2 ) those who fear that low-income countries are at risk of losing their cultural identity as multinational corporations sell western goods in the markets of these countries; (3 ) those who are concerned that multinational corporations will relocate factories in low-income countries to take advantage of low-cost labor while disregarding the interests of these countries (e.g., noncompliance with environmental standards) and its citizens (e.g. hiring child labor).

Answer to Question 2

FALSE




laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

For a complete list of videos, visit our video library