2. Explain why globalization is increasing the gap in income, wealth, and economic growth that already exists between developed and developing countries.

Question

Zaria Franklin

Business

17 April, 19:37

2. Explain why globalization is increasing the gap in income, wealth, and economic growth that already exists between developed and developing countries.

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Answers (1)

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Sean Villa · Answer 1

it drive economic instability between developed and developing countries. Globalization can be positive or negative for developed nation. for example America, on the basis of free trade agreement Act, ready to provide corn and vegetables item on very low price but the consequences of this affect the Mexican farmer

Explanation:

Globlization is somehow now became the factor of increasing distance between the developed and developing nation in terms of income and growth.

it drive economic instability between developed and developing countries. Globalization can be positive or negative for developed nation. for example America, on the basis of free trade agreement Act, ready to provide corn and vegetables item on a very low price but the consequences of this affect the Mexican farmer.

However, if one developed countries ready to built manufacturing units for the developing nation then it can be taken as boost but at the same time it is also discharging waste in their homeland which directly or indirectly affecting them.