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Which of the following arguments is NOT in favour of globalisation?
Question

Which of the following arguments is NOT in favour of globalisation?

A.

It is enabled with advanced technology

B.

It promises better future prospects for large industries of developing countries

C.

It compromises the welfare of the people of the developing countries

D.

It provides greater access to global markets

Correct option is C

Correct Answer is (C) It compromises the welfare of the people of the developing countries

Explanation:

Globalization is generally seen as a process that connects economies, enhances trade, and promotes cultural exchange. While it has both positive and negative effects, arguments in favor of globalization include:

  • Advanced technology (A): Globalization accelerates technological advancement and innovation.
  • Better future for industries (B): It allows developing countries' industries to expand into international markets.
  • Greater access to markets (D): It provides businesses with opportunities to trade globally.

However, Option C ("It compromises the welfare of the people of the developing countries") is a criticism of globalization rather than a supportive argument. Opponents argue that globalization exploits cheap labor, widens economic inequality, and harms local industries, but this is not an argument in favor of globalization.

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