It has been observed that the growth of globalization since the 1990s has been accompanied by rising inequality in many high-income countries. This means a) Globalization harms the poor and benefits the rich in these high-income countries. b) Globalization causes income-inequality in these high-income countries. c) Globalization reduces employment in these high-income countries. d) Globalization creates winners and losers.
It has been observed that the growth of globalization since the 1990s has been accompanied by rising inequality in many high-income countries. This means a) Globalization harms the poor and benefits the rich in these high-income countries. b) Globalization causes income-inequality in these high-income countries. c) Globalization reduces employment in these high-income countries. d) Globalization creates winners and losers.
Chapter18: Globalization
Section: Chapter Questions
Problem 17E
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It has been observed that the growth of globalization since the 1990s has been accompanied by rising inequality in many high-income countries. This means
a) Globalization harms the poor and benefits the rich in these high-income countries.
b) Globalization causes income-inequality in these high-income countries.
c) Globalization reduces employment in these high-income countries.
d) Globalization creates winners and losers.
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