Which of the following is NOT true regarding globalization?
a) It creates winners and losers.
b) Some multinational companies will utilize globalization may try to pay substandard wages to the workers they employ in developing countries.
c) It has the potential to increase the quality of life for people.
d) It guarantees that quality of life for all people will increase.
e) Export barriers may need to be imposed by the WTO to help regulate the actions of multinational companies.

Respuesta :

Answer:

E) Export barriers may need to be imposed by the WTO to help regulate the actions of multinational companies.

Explanation:

The World Trade Organization's (WTO) whole purpose is to increase world trade, foster globalization and reduce trade barriers. As stated by the WTO itself "The goal is to ensure that trade flows as smoothly, predictably and freely as possible."

So the WTO will not impose any type of export or import barrier.

That which is NOT true regarding globalization is: e) Export barriers may need to be imposed by the WTO to help regulate the actions of multinational companies.

Globalization refers to the branching out of businesses to other countries where they establish their influence.

That which is not true of globalization is the imposition of export barriers by the WTO to regulate the actions of multinational companies.

The goal of the World Trade Organization is to facilitate trade among nations.

Therefore, it will be wrong to conclude that the WTO will impose barriers to trade.

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