The passage given below is followed by four alternative summaries choose the option that best captures the essence of the passage.
Globalization has interconnected economies around the world, creating a global market for goods, services, and labor. While it has accelerated economic growth and made a wide range of products available to consumers, globalization has also led to increased income inequality and potential destruction of local industries, among other concerns. Balancing these benefits and drawbacks is one of the critical tasks of international public policy.
1
According to the passage, the main aim of globalization is to establish a global market.
2
According to the passage, globalization is primarily responsible for economic growth enhancements, consumer benefits but also poses concerns like heightened income inequality.
3
According to the passage, globalization's primary goal is to justify the potential destruction of local industries.
4
According to the passage, globalization interconnects the global economy but also requires a balanced approach considering its pros and cons in international public policy.