In 3–5 sentences, review the costs and benefits of globalization and critique where the benefits outweigh the costs.

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Answer 1

One of the key costs of globalization is the potential for job loss in developed countries as companies outsource production to cheaper locations. Additionally, globalization can contribute to income inequality and exploitation of workers in developing countries. On the other hand, the benefits of globalization include increased access to a wider variety of goods and services, economic growth, and technological advancements. In some cases, the benefits of globalization can outweigh the costs when it leads to improved living standards and opportunities for individuals in both developed and developing countries.