Economics · Globalization
Which among the following is usually considered a criticism or potential negative outcome of Economic Globalization?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Over-standardization of products leading to cultural and market homogenization✓
- 2Creation of new employment opportunities in developing countries
- 3Increase in the flow of capital, goods, and ideas between nations
- 4Communication becoming faster and more affordable
Correct answer
Over-standardization of products leading to cultural and market homogenization
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