what is a potential negative effect on globalization

Question

there are more jobs available now in countries that need them

companies can lower their wages for much of the work completed in less developed countries

the cost of good has decreased

children in poor countries are lured away from school to work in factories

Answer 1

One potential negative effect on globalization is the exploitation of workers in less developed countries. While it is true that there are more job opportunities available in these countries, companies often take advantage of this by imposing lower wages and poor working conditions. This can lead to labor exploitation and the exploitation of vulnerable populations, such as children, who may be forced to work in factories instead of attending school. This negative consequence can hinder social development and exacerbate income inequality within and across nations.