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one criticism of globalization is that falling trade barriers encourage…

Question

one criticism of globalization is that falling trade barriers encourage companies to locate manufacturing activities in another country to take advantage of lower wage rates. true or false true false

Explanation:

Brief Explanations

A common critique of globalization is that reduced trade barriers allow firms to offshore manufacturing to nations with lower labor costs, cutting their expenses but often leading to job losses in higher-wage home countries. This is a widely discussed criticism of globalized trade policies.

Answer:

True