ShmoopTube

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Here's your shmoop du jour brought to you by expensive goods [People in shopping mall]

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aka, the worst part of every holiday season oh ho no thanks alright here's

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today's question - economic drawbacks of globalization include what and here are your

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potential answers.....Well if we go by how easy it is to talk to our friend

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Pierre all the way on the other side of the country we'd say that globalization

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or the process of interaction and integration among different nations is

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definitely a thing but it's not all fun late-night Skype session there are some [Man on skype speaking to woman]

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economic drawbacks so what are they well proponents of globalization believe that

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one of its virtues is that it lowers the price of goods for consumers well [Man puts lower price label on t-shirt]

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theoretically if you can pay less to have your stuff produced in China then

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you can pass on those savings to your customers in America and we have to

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admit it is pretty nice to be able to buy a prom dress online for 20 bucks so [Person using computer to buy prom dress]

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that eliminates answer C and the effect that globalization has on world currency

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is subject for debate while it seems that it could contribute to currency [coins falling]

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fluctuation there's no real consensus that it definitely lowers currency

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values and so D is not the right answer. The biggest criticism of globalization

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is that it often widens the gap between the haves and have-nots well this [Man on have side of mountain, people on the have not side]

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problem occurs both within and among countries when jobs get outsourced

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overseas it affects all the countries involved and at home the rich in theory

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get richer while blue and white color workers become no collar workers [Man walks through vacancy door]

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competition for jobs grows and somebody's got to lose out eventually so

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globalization does create a greater wealth disparity within countries which

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is answer A and a greater disparity between countries which is answer B

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which means the correct answer is E - globalization creates greater wealth

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disparity within and between countries now if you'll excuse we have a Skype date

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with Pierre at 4.. au'revoir! [Person skyping Pierre]

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