Asked by Conor Keehley on Jul 20, 2024
Verified
The impact of globalization has been categorized as both positive and negative. One of the most significant criticism of globalization can best be summed up as ______.
A) globalization has ushered in an era of less regulation which opens the door to unethical business practices
B) globalization forces smaller countries to cut back on spending in order to compete
C) globalization relies heavily on religious and political power as a means of leverage in an economic system
D) globalizations destroys unique, indigenous cultures and in essence, erases differences
Indigenous Cultures
refers to the customs, practices, languages, values, and world views that are inherited from generation to generation by original inhabitants of regions, distinct from global dominant cultures.
Unethical Business Practices
Unethical business practices encompass behaviors and decisions by individuals or organizations that are dishonest, fraudulent, or otherwise violate ethical standards.
Globalization
The process of increased interconnectedness and interdependence among countries, primarily driven by trade, investment, and technology.
- Understand the concept of globalization and its impact on economic practices and policies.
Verified Answer
KS
Kasey SouvannaleuthJul 27, 2024
Final Answer :
D
Explanation :
This is a common criticism of globalization, as the spread of Western culture and consumerism can lead to the homogenization and erosion of unique cultural traditions and practices. This can also have negative impacts on local economies and lead to a loss of traditional knowledge and practices.
Learning Objectives
- Understand the concept of globalization and its impact on economic practices and policies.