Globalization and Economic Inequality

Very Hard Period 9: 1980–present Globalization

In the context of globalization from 1980 to the present, many economic, social, and cultural changes have taken place that have had significant impacts on the United States and the world. Key events, such as the rise of the internet, the expansion of international trade agreements, and the increasing interconnectedness of economies, often have complex effects on national policies and global relations. When considering the role of globalization in the U.S. economy during this period, which of the following statements most accurately reflects a consequence of increased global economic integration?

The U.S. became less competitive in the global market due to increased labor costs.

The U.S. manufacturing sector overwhelmingly grew due to increased access to foreign markets.

The rise of multinational corporations contributed to an increase in economic inequality within the U.S.

The U.S. adopted policies that uniformly benefited all workers at home, fostering equitable economic growth.

Hint

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