Single Answer MCQ
Q-00045503
How does the globalization process affect local workers in developing countries?
1
It improves job opportunities for all workers equally
2
It can lead to job losses for some local workers due to competition
3
It has no impact on local workers
4
It guarantees higher wages for all workers
Answer and Solution
Answer
B. It can lead to job losses for some local workers due to competition
Solution:
Globalization can result in job losses for local workers as MNCs introduce competitive environments. Some workers may gain opportunities, while others may be unable to compete.
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