Answered

What are some unforeseen effects of globalization?

A. Migrants are sending back money to their countries of origin and starting companies that have threatened to displace American international corporations.
B. Migrants are sending back money to their countries of origin and boosting developing countries.
C. Migrants are not sending back money to their countries of origin and boosting the economy of their place of origin.
D. Migrants are sending back money to their countries of origin and draining resources from industrialized countries.



Answer :

GinnyAnswer

Final answer:

Globalization has unforeseen effects such as job loss, increased inequality, and competition between different labor markets.


Explanation:

Unforeseen effects of globalization include structural unemployment due to offshoring, which results in job loss in developed countries. Globalization also leads to a division of labor between wealthy core nations and low-wage peripheral nations, causing competition and potential xenophobia. Another impact is the loss of well-paid working-class jobs in developed countries, leading to rising inequality and political controversy.


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