International Business: Competing in the Global Marketplace
12th Edition
ISBN: 9781259929441
Author: Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher: McGraw-Hill Education
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Question
Chapter 20, Problem 1DYK
Summary Introduction
To Discuss: The 1% of the people who own half the world.
Introduction:
The interchange of goods and services between many countries for business purpose is known as international business.
Expert Solution & Answer
Explanation of Solution
The richest are 1% who own half the world:
As per the new report, the share of the total wealth of rich people increased from the previous year compared to this year. According to the report, most of the poor people are found in the developing countries because the people are paid low for their work.
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International Business: Competing in the Global Marketplace
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