Which of the following is a benefit of globalization?(1 point)
Workers in the developed world compete with lower-cost markets for jobs.Workers in the developed world compete with lower-cost markets for jobs.Workers in developed countries often lose their jobs.Workers in developed countries often lose their jobs.Globalization has been shown to increase the standard of living in developing countries.Globalization has been shown to increase the standard of living in developing countries.Globalization has been shown to decrease the standard of living in developing countries.
Globalization has been shown to increase the standard of living in developing countries.
The benefit of globalization is that it has been shown to increase the standard of living in developing countries.
The correct answer is: Globalization has been shown to increase the standard of living in developing countries.
To arrive at this answer, we need to understand the concept of globalization and its impact. Globalization refers to the interconnectedness and integration of countries and economies worldwide through the exchange of goods, services, information, and ideas.
One of the benefits of globalization is that it has been shown to increase the standard of living in developing countries. This is because globalization promotes access to new markets, technologies, and knowledge, which can lead to economic growth and development. When developing countries participate in global trade and investment, they can benefit from increased exports, foreign direct investment, and improved access to capital, technology, and resources.
To answer this question without the explanation, one would need to be familiar with the concept of globalization and its effects on developing countries.