Globalisation has nothing to do with power redistribution. It just brings the world closer

Statement: It will redistribute economic power

Globalization refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and capital. It has both positive and negative impacts on various aspects of society, including economic power distribution.

Explanation:
Globalization has often been criticized for its impact on the distribution of economic power. Here's a detailed explanation of why the statement "It will redistribute economic power" is against globalization:

1. Unequal distribution of benefits: Globalization often leads to an unequal distribution of benefits between developed and developing countries. Developed countries, with their advanced infrastructure and technology, are better positioned to take advantage of globalization and benefit from it. This can result in the concentration of economic power in the hands of a few countries or multinational corporations, while smaller or less developed nations may struggle to compete or gain a fair share of the benefits.

2. Increased income inequality: Globalization can exacerbate income inequality within countries. While it can create opportunities for economic growth and job creation, it can also lead to the displacement of certain industries or workers. Those who are unable to adapt or compete in the global market may face unemployment or lower wages, widening the gap between the rich and the poor.

3. Loss of domestic control: As countries become more interconnected through trade and investment, they may face challenges in maintaining control over their own economic policies and decision-making. Globalization can limit the autonomy of governments to protect domestic industries or implement policies that prioritize national interests. This can result in a loss of economic power for individual nations.

4. Dependency on foreign economies: Globalization can create a dependency on foreign economies, particularly for developing countries. Reliance on imports for essential goods and services can leave countries vulnerable to external shocks, such as changes in exchange rates or disruptions in global supply chains. This can further weaken their economic power and limit their ability to control their own economic destiny.

In conclusion, the statement "It will redistribute economic power" is against globalization because it highlights the negative consequences of globalization on the distribution of economic power. While globalization can bring benefits such as improved allocative efficiency of resources and access to updated technology, it also has the potential to exacerbate income inequality, concentrate economic power in certain countries or corporations, and limit the autonomy of individual nations.