What is one way globalization affects economies around the world?
Responses
There are more goods available, but less variety.
There are more goods available, but less variety.
Multinational corporations have become more powerful.
Multinational corporations have become more powerful.
Countries’ imports always exceed their exports.
Countries’ imports always exceed their exports.
Workers can no longer move from one country to another.
Incorrect response: Workers can no longer move from one country to another.
Correct answer: Multinational corporations have become more powerful.
Globalization has led to the growth of multinational corporations that operate across borders and have significant influence on economies around the world. These corporations have the power to shape national policies, influence market trends, and affect local industries. They can provide jobs and investment, but also pose challenges to local businesses and workers who may struggle to compete with larger, more established companies. The impact of globalization on economies is complex and multifaceted, but the rise of multinational corporations is a key factor to consider.