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generally yes it does, but it increases overall wealth

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14y ago

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Why has globalization led to an increasing income gab between rich and poor countries?

As the poor countries people wont suk the rich countries unit anymore


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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.


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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.


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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.


Why has globalization led to an increasing income gap between rich and poor countries?

Countries with well-established infrastructure and productive capacities have more competitive industries.


Why has globalization led an increasing income gap between rich and poor countries?

Countries with well-established infrastructure and productive capacities have more competitive industries.