What have been the costs and benefits of globalization for the world economy and the lives of workers since 1900?

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asked Jun 26, 2022 34.3k views

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Lakshmikandan · Answer 1 · 2022-06-30T17:08:48+0000

Step-by-step explanation:

Summary of costs/benefitsBenefitsCostsLower prices/ greater choiceStructural unemploymentEconomies of scale – lower pricesEnvironmental costsIncreased global investmentTax competition and avoidanceFree movement of labourBrain drain from some countriesMay reduce global inequalityLess cultural diversity

What have been the costs and benefits of globalization for the world economy and the lives of workers since 1900?

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