Although the globalization of business and the growth of markets in developing nations provide countless opportunities for multinational firms from developed nations, they also present risks for such firms. Which of the following is a risk of globalization?

Cultural differences among nations can present challenges in negotiations, personnel management, and commerce.

Unstable political systems in developing nations can present specific risks to multinational corporations.

A shift in the economic balance of power and capital from developed nations to emerging markets presents risk to firms that are slow to respond to such a shift.

All of the above are risks of globalization.