As the poor countries people wont suk the rich countries unit anymore
Rich people have lots of money.
Poor people have little or no money.
Good luck on the test!
Countries with well-established infrastructure and productive capacities have more competitive industries.
Countries with well-established infrastructure and productive capacities have more competitive industries.
the income gap between rich and poor countries has widened. -apex!
The income gap between rich and poor countries has widened.
Many critics have also pointed out that globalization has negative effects on the environment. Thus, the massive development of transport that has been the basis of globalization is also responsible for serious environmental problems such as greenhouse gas emissions, global warming or air pollution.
Widened the income gap between rich and poor countries
there is a difference in waste production between low income countries and high income countries because high income countries have more money to spend on raw materials therefore creating more waste.
The income level and standard of living
The income level and standard of living
Through globalization different companies starts their business in different countries.As a result they need workers to run their business.For this reason,they employed people.Thus,a number of people got their employment and find a way of income.Therefore,globalization creates empioyment and income of lots of people
Advantages of Profit oriented Business is that it can Help in Increasing our countries Growth in a faster manner also it helps in increasing income of peoples working with The Organisation it helps in increasing in purchasing power and consumption, it can Help in increasing production and vise varsa Kishor
Thomas Harjes has written Globalization and income inequality.