generally yes it does, but it increases overall wealth
As the poor countries people wont suk the rich countries unit anymore
Countries who want to improve their economy and aim for internal development can benefit from globalization. However, the wealth brought by globalization is not equally distributed and those who are rich gain that phenomenon and the poor actually lost.
the income gap between rich and poor countries has widened. -apex!
There difference with money
One argument against globalization is that their is more disparity of wealth now. Other arguments against globalization are that the economics of other countries can affect America and countries can lose jobs when other countries will do the work for less.
One of the main drawbacks of globalization for the American economy is the claim that it makes the rich richer and the poor poorer. Also, it assumes that big business will act with less accountability.
Peru is a some what a rich country. it depends in which part of Peru u live in. people that are poor work with farming and helping out rich people
they where extremely poor and laws where not helping them against rich people.
well i guess so cuz he hates poor people and helping them
The rich-poor divide refers to the economic inequality between individuals or groups with high levels of wealth and those with low levels of wealth. It encompasses disparities in income, assets, opportunities, and living standards. The divide can lead to social and political issues such as unequal access to resources and opportunities.
Globalization has had a mixed impact on the gap between rich and poor. On one hand, it has facilitated economic growth in many developing countries, leading to poverty reduction and improved living standards for some. However, it has also exacerbated inequalities within and between nations, as wealth tends to concentrate among those already advantaged by access to markets and resources. Ultimately, while globalization has provided opportunities for economic advancement, it has not uniformly closed the gap between the rich and the poor.
Countries with well-established infrastructure and productive capacities have more competitive industries.