To address the question about the major drawback of globalization, let’s analyze each option:

Solution By Steps

Step 1: Evaluate Option A

A. Increased competition can harm businesses in developing countries.

This statement suggests that globalization, by opening markets and increasing competition, can disadvantage businesses in developing countries that may lack the resources or efficiency to compete with larger, more established international companies.

Step 2: Evaluate Option B

B. Environmental regulations have gotten in the way of economic growth.

This option seems to suggest a conflict between environmental protection and economic growth, but it does not directly relate to the drawbacks of globalization itself. It’s more about the balance between economic development and environmental sustainability.

Step 3: Evaluate Option C

C. Inflation rates have declined significantly because of Increased global trade.

This statement actually presents a positive effect of globalization, not a drawback. It indicates that increased global trade has helped in reducing inflation rates, which is generally seen as beneficial.

Step 4: Evaluate Option D

D. Businesses have access to fewer markets when selling their products.

This statement contradicts the general understanding of globalization, which typically increases the number of markets accessible to businesses, not decreases them.

Final Answer

Based on the analysis, the major drawback of globalization is A. Increased competition can harm businesses in developing countries. This drawback highlights the potential negative impact on local economies and businesses in developing nations due to increased global competition.