The spread of globalization has many advantages for businesses as well as some disadvantages. Define and explain one of the advantages and one of the disadvantages to globalization from the business perspective. Round out your essay by explaining one aspect of globalization that benefits business but may be a detriment to workers.

Which of the following actions best exemplifies the philosophy of welfare capitalism? a. a labor union requires its members to pay into an insurance fund to support members who are hurt or fired.b. a bank provides low-interest loans to working parents who are struggling to escape poverty.c. a politician courts votes in poor communities by guaranteeing government-provided retirement benefits.d. a factory owner offers his employees paid vacations as an incentive to keep them from unionizing.edit: answer is d.