All of the Following Are Arguments in Favor of Globalization,EXCEPT

question 102

Multiple Choice

All of the following are arguments in favor of globalization,EXCEPT

• A) globalization is a logical expression of international capitalism that will benefit all peoples and all nations.
• B) globalization encourages the spread of beneficial new technologies and ideas.
• C) the removal of trade barriers will cause inefficient local industries to become more efficient, and more able to compete internationally.
• D) each country and region of the world will profit by concentrating on the activities for which they are best suited in the global economy.
• E) globalization will lead to world peace.

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Definitions:

Conditional

Depending on the fulfillment of certain conditions or circumstances, often used in contracts or agreements to signify contingent obligations.

Personal Satisfaction

A state or feeling of contentment and fulfillment that arises from achieving or realizing one's desires or goals.

Statute of Limitations

Laws setting the maximum period one can wait before filing a lawsuit, depending on the type of case or claim.

Nonbreaching Party

The party in a contract who has not violated the agreement terms and is often entitled to remedies for the breach.