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Why has globalization lead to an increase in income gap between rich and poor countries?
Wiki User
∙ 6y ago
Countries with well-established infrastructure and productive capacities have more competitive industries.
Doris Carter
Wiki User
∙ 11y agoIt makes the rich countries sad, because companies like Nike and Primark are firing workers here, because they're cheaper in third world countries. It makes the poor countries sad because they are being exploited. It makes Nike and Gap and Primark happy because they are getting the same work done for cheaper. It causes controversy between rich and poor countries, because we hate them for taking our jobs, and they hate us for exploiting them and taking advantage of our lucky life styles.
Wiki User
∙ 13y agoyes i agree
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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.
What is one of the negative effects of globalization?
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.
Why is there a difference in waste production between low income countries and High income 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.
How much per year has globalization affected us income?
During intensive periods of outsourcing, etc., US employment and average income rates have been at trends similar to trends before the prevalence of outsourcing, etc. And these trends have been to increase. Economic theory states that average income in countries with free trade will increase, and there is significant empirical evidence supporting this. However, the effect on individuals varies widely based on which field they are in. Generally speaking, unionized private-sector outsourceable low- and mid-skilled workers (manufacturers of stuff like cars and computers) have been negatively effected by globalization, whereas high-skilled workers and non-outsourceable workers (like construction) have benefited. Note that globalization has decreased the price for many consumer items. This means that the cost of living has gone down for many Americans (remember how expensive furniture was before Ikea, and clothing before WalMart?). A decrease in cost of living is effectively an increase in real income. All in all, globalization has been economically beneficial to America. But the effects on you depend on your skill set and current field.
What is the main difference between developed countries and developing countries?
The income level and standard of living
What has occurred during the most recent Of globalization?
the income gap between rich and poor countries has widened. -apex!
Which of these has occurred during the most recent period of globalization?
The income gap between rich and poor countries has widened.
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.
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.
The most recent period of globalization increased the global GDP at the same time it did what else?
Widened the income gap between rich and poor countries
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
What is one of the negative effects of globalization?
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.
Why is there a difference in waste production between low income countries and High income 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.
How much per year has globalization affected us income?
During intensive periods of outsourcing, etc., US employment and average income rates have been at trends similar to trends before the prevalence of outsourcing, etc. And these trends have been to increase. Economic theory states that average income in countries with free trade will increase, and there is significant empirical evidence supporting this. However, the effect on individuals varies widely based on which field they are in. Generally speaking, unionized private-sector outsourceable low- and mid-skilled workers (manufacturers of stuff like cars and computers) have been negatively effected by globalization, whereas high-skilled workers and non-outsourceable workers (like construction) have benefited. Note that globalization has decreased the price for many consumer items. This means that the cost of living has gone down for many Americans (remember how expensive furniture was before Ikea, and clothing before WalMart?). A decrease in cost of living is effectively an increase in real income. All in all, globalization has been economically beneficial to America. But the effects on you depend on your skill set and current field.
What is the main difference between developed countries and developing countries?
The income level and standard of living
What is the main different between developed countries and developing countries?
The income level and standard of living
What was the main reason European countries set up?
To increase their wealth and powerGaining income and raw materials
