Question: Identify the incorrect statement concerning globalization. Your answer: It is transforming industries and is highly welcomed by those who believed their jobs were protected from

Identify the incorrect statement concerning globalization.

Your answer: It is transforming industries and is highly welcomed by those who believed their jobs were protected from foreign competition.

According to most economists it is a very beneficial process where gains outweigh the losses by a wide margin.

It has been blamed for unemployment in developed nations, environmental degradation and the Americanization of popular culture.

It has created new threats for businesses accustomed to dominating their domestic markets.

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