Costs of globalization include the following EXCEPT FOR:

I. Increased economic and financial cooperation could make businesses more reliant on foreign resources for their supply chains.
II. Businesses may lower their production standards.
III. Only certain nations can profit from increased labor force utilization.

Correct Answer: I, II and III

I: Globalization could make countries more reliant on foreign countries for certain resources.

II: Companies that operate in low-cost nations frequently adhere to the local regulations in those nations. Globalization can deplete human, administrative, and environmental resources if standards are lower in one country than in another, and businesses ultimately lower their production standards.

III: Certain nations may profit from increased labor force utilization while others may experience job losses due to a corporation moving outside.