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