Which of the following is NOT true regarding globalization's "winners" and "losers?"
A) Brazil has been flourishing due to gloablization.
B) According to the World Bank, more than 400 million Chinese citizens have climbed out of poverty since the implementation of economic reform that started in their country.
C) Those that suffer most from the effects of globalization are those countries that have not been able to seize the opportunities to participate in this process.
D) Unfortunately, globalization only creates winners in industralized countries such as the United States.
E) Efforts to hold back globalizaiton or technological progress are bound to fail.

Question

Quizplus · Accepted Answer

This statement is not true as globalization has had both positive and negative impacts on industrialized countries like the United States. While some industries may struggle to compete globally, others may thrive due to increased access to markets and resources.

Which of the Following Is NOT True Regarding Globalization's "Winners