What are the major drawbacks of globalization?

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Rising prices

Rising competition

Low quality

All of the above

answer is D.

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Detailed Solution

Rising prices, rising competition, and low quality are the major drawbacks of globalization. The disadvantages of globalization are that it may lead to the outsourcing of jobs from a native country due to the availability of cheap labour in another country; it will benefit the wealthy more than the poor, and it will increase the emission of greenhouse gases that will have a direct impact on the environment. It provides an advantage to consumers with a great extent of choice between various products. It facilitates competition within a market and better quality of products. It enables the movement of goods and services as well as ideas.

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