Identify the statement which does not highlight the economic consequences of Globalization.
Answer & explanation
Correct answer: option 2
The correct answer is Option 2 - Influencing each others' traditions
Influencing each others' traditions is related to Cultural consequence of Globalization not economic consequence of Globalization.
The cultural effect of globalization leads to the fear that this process poses a threat to cultures in the world. It does so because globalization leads to the rise of a uniform culture or what is called cultural homogenization. The rise of a uniform culture is not the emergence of a global culture.