Globalization is criticized because it increases the power of which of the following groups?

• A. Local small businesses
• B. Labor unions
• C. Multinational corporations
• D. Individual consumers

Answer: (C)

Verified step by step guidance

1. Understand the concept of globalization: it refers to the increasing integration and interdependence of economies worldwide, often through trade, investment, and technology.
2. Identify the main actors affected by globalization: local small businesses, labor unions, multinational corporations, and individual consumers.
3. Analyze how globalization impacts each group: local small businesses often face more competition from foreign firms; labor unions may lose bargaining power due to global labor market competition; individual consumers might benefit from more choices and lower prices.
4. Recognize that multinational corporations tend to gain power because they can operate across multiple countries, leverage global supply chains, and influence international trade policies.
5. Conclude that the group whose power increases the most due to globalization is multinational corporations, as they expand their reach and influence beyond national borders.