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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.
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What is globalisation?
Globalization pretty much means global business. Globalization is when countries transport goods and many other things over the border to Another Country. Many people think that this world has no borders because we are so connected but others complain that globalization is making the rich richer and the poor poorer. OR We can put our business on global level. As far as user is concerned he can get what he wants in any country and as far as a company is concerned, it can get customers through out the world. The use by wealthy companies of the cheapest labour in any part of the world to drive down the cost of production there increasing profit. But also globalisation is not just only business. It's an exchange of politics, trade, technology, services and economics between countries. It's basically the world getting smaller. Like China town in Melbourne; a perfect example. Globalisation has increased rapidly since the end of the cold war, and this is because it thrives under capitalist conditions. Globalisation is a concept. Globalisation can bring benefits like new technology, and peace between nations through trade. Negative effects are like the gap between the rich and the poor widening. It's a huge concept.
What is need for globalisation?
There isn't so much a need for globalisation as a natural transition towards it. Consumers in the rich countries want to take advantage of the poverty and the resulting low labour prices in the poor countries. The poor countries see this as a way of getting out of the hole they are in and end up improving their lifestyle slowly but surely. Hi i am doing a geography project and i need to know "Does Globalisation need to change?" could anyone answer my question please? x
Why there is a huge gap between rich and poor in developing country?
Due to lack of financial resources there is a huge gap between rich and poor developing country.
What is the difference between rich and the poor?
The rich generally have more economic and political power than the poor.
What are the convergence predictions of the Solow model?
From an economic standpoint, between a rich and a poor country, the poor country will converge more rapidly.
How has globalisation affected the UK?
By the u kbeing poor and dealing with China.
What Indian attitudes are towards globalisation?
the attitudes that are towards globalisation is that the Indians use cross bows
What events contributed to immigration?
Immigration is contributed to an economic collapse, crime, and poor living conditions.
What was on human condition that contributed to the spread of the plague?
poor hygiene
Since 1960 the gap between the rich and the poor has increased or decreased?
Since 1960, the wealth gap between the rich and the poor has generally increased in many countries around the world. Factors such as globalization, technology advancements, and changes in economic policies have contributed to this widening gap.
What was the sp500 all time high?
may 31,2007 standard and poor closing price
What is globalisation?
Globalization pretty much means global business. Globalization is when countries transport goods and many other things over the border to Another Country. Many people think that this world has no borders because we are so connected but others complain that globalization is making the rich richer and the poor poorer. OR We can put our business on global level. As far as user is concerned he can get what he wants in any country and as far as a company is concerned, it can get customers through out the world. The use by wealthy companies of the cheapest labour in any part of the world to drive down the cost of production there increasing profit. But also globalisation is not just only business. It's an exchange of politics, trade, technology, services and economics between countries. It's basically the world getting smaller. Like China town in Melbourne; a perfect example. Globalisation has increased rapidly since the end of the cold war, and this is because it thrives under capitalist conditions. Globalisation is a concept. Globalisation can bring benefits like new technology, and peace between nations through trade. Negative effects are like the gap between the rich and the poor widening. It's a huge concept.
What is need for globalisation?
There isn't so much a need for globalisation as a natural transition towards it. Consumers in the rich countries want to take advantage of the poverty and the resulting low labour prices in the poor countries. The poor countries see this as a way of getting out of the hole they are in and end up improving their lifestyle slowly but surely. Hi i am doing a geography project and i need to know "Does Globalisation need to change?" could anyone answer my question please? x
Why is circuit city is closing down?
Circuit City is closing because it has gone bankrupt and can no longer afford to stay open.
What is the impact of globalisation on human resource management Policies?
The larrge companys with political clout make huge amounts of money. very litle of which gets back to the poor people that are responsible for its creation.
When is k b toys closing?
all of them due to poor upper management!
What is the effect of globalization on people?
globalisation has merits and demerits.. it has on one hand opened up world markets, gave the people time to inculcate values, introduced mew method of technology and made trade oreinted. but................. it had led to competition. the poor countries became supplier of goods to tne multinationals.consumerism set in. dollars have become god. the rift between rich and poor nations began to widen.
