Which of the following statements is false?

Globalisation has proven to be a cure for poverty

Globalisation has pushed small-scale producers out of business in many developing countries, as they have failed to compete with large-scale, global corporations

Globalisation has resulted in environmental degradation in some countries, such as China and India

Globalisation has resulted in exploitative labour conditions in some countries, such as India and Bangladesh

1 answer

The false statement is:

Globalisation has proven to be a cure for poverty.

While globalization has led to economic growth and improvements in some regions, it has not universally cured poverty. Many people and communities remain impoverished or even have experienced worsening conditions due to various factors associated with globalization.