Identify the statement which does not highlight the economic consequences of Globalization.

Greater flow of goods and services Influencing each others' traditions Increased influence and involvement of IMF and WTO in countries' internal matters Greater well-being and growth of individuals eg job opportunities, higher salaries, more choices

Influencing each others' traditions

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.