What is a concern related to globalization?

What is a concern related to globalization?

• A. Improved communication technologies
• B. Economic inequity between countries
• C. Increased international cooperation
• D. Greater cultural exchange

Answer: (B)

The concern related to globalization that is highlighted here is economic inequity between countries. Globalization, while facilitating trade and economic growth, often leads to disparities in wealth and resources among nations. Wealthier countries can leverage globalization to enhance their economic status, while poorer nations may struggle to compete, leading to a widening gap in economic prosperity. This economic inequity can result in various challenges, such as limited access to resources, education, and technology for less developed countries, perpetuating cycles of poverty and limiting opportunities for growth. Understanding this concern is crucial because it underscores the complexities of globalization—wherein expanding global interdependence can yield benefits but also exacerbate existing inequalities, prompting discussions about sustainable and equitable development practices. The other aspects of globalization listed, such as improved communication technologies, international cooperation, and greater cultural exchange, while generally seen as positive trends, do not address the inherent issues of economic disparity that can accompany globalization.

The concern related to globalization that is highlighted here is economic inequity between countries. Globalization, while facilitating trade and economic growth, often leads to disparities in wealth and resources among nations. Wealthier countries can leverage globalization to enhance their economic status, while poorer nations may struggle to compete, leading to a widening gap in economic prosperity.

This economic inequity can result in various challenges, such as limited access to resources, education, and technology for less developed countries, perpetuating cycles of poverty and limiting opportunities for growth. Understanding this concern is crucial because it underscores the complexities of globalization—wherein expanding global interdependence can yield benefits but also exacerbate existing inequalities, prompting discussions about sustainable and equitable development practices.

The other aspects of globalization listed, such as improved communication technologies, international cooperation, and greater cultural exchange, while generally seen as positive trends, do not address the inherent issues of economic disparity that can accompany globalization.