Contrary to the opinion of those who lost their jobs when their employer moved manufacturing overseas, most experts agree that, as a whole, globalisation has been positive for most countries.

Question

BlackTom AI · Accepted Answer

The statement presented asks us to evaluate a claim about globalisation and its overall impact on countries. 
Option 1: True. This option asserts that, despite criticisms from workers who lost jobs when manufacturing moved overseas, most experts view globalisation overall as positive for most countries. Proponents of globalisation often point to gains such as specialization, access to larger markets, higher efficiency, technology transfer, and potential consumer benefits from cheaper goods. Proponents also argue that although some sectors or groups may suffer short-term or localized losses, the aggregate effects for many economies include growth, productivity improvements, and higher living standards over time. 
Option 2: False. This option would claim that the consensus is negative about globalisation’s impact on most countries. However, the mainstream literature and expert analyses generally report a net positive effect on average, while acknowledging distributional concerns and winners/losers. The claim that experts as a whole view globalisation as negative ignores substantial evidence of long-run growth and development linked to openness, even if caveats exist about inequality and adjustment costs. 
In summary, the first option aligns with the common scholarly consensus that globalization tends to be beneficial on balance for many economies, while the second option misrepresents that consensus by suggesting a largely negative view without accounting for nuanced analyses and aggregate benefits.

4510_INTBUS_3501 3.2.5.2 Week 3 Quiz - Globalisation

Contrary to the opinion of those who lost their jobs when their employer moved manufacturing overseas, most experts agree that, as a whole, globalisation has been positive for most countries.

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