Business Studies, asked by heyitsmarie, 7 months ago

Why do anti-globalists believe that globalization will lead to monopoly power?

Answers

Answered by LaughingSnake
5

Answer:

world powers will exploit smaller countries.

these powerful countries will not follow restrictions

while smaller countries would be forced to do so

this will also destroy local economies

Explanation:

hope it helps

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Answered by AadilPradhan
0

Anti-globalists believe that globalization will lead to monopoly power because of development of big MNCs.

  • Although "antiglobalization" is the phrase that this movement is most frequently associated with, many have pointed out that this label is inaccurate.
  • The anti-globalization movement is opposed to how it has progressed rather than the concept of globalisation itself.
  • Activists opposed to globalisation point out that many countries are now experiencing unfair and disastrous situations as a result of modern globalisation practises.
  • They argue that while developing countries continue to experience extreme poverty, multinational corporations have risen in strength, power, and riches.
  • They draw attention to the fact that many businesses have hired low-wage workers in developing countries as a result of globalisation, eliminating jobs for residents of industrialised nations.
  • According to opponents of globalisation, environmental protection has also been given up.
  • In addition to exporting goods, some critics contend that strong Western nations have also exported their civilizations, forcing their values on other countries while eradicating local customs, languages, and traditions.

Hence, anti-globalists believe that globalization will lead to monopoly power.

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