answersLogoWhite

0

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

User Avatar

Doris Carter

Lvl 10
3y ago

What else can I help you with?

Continue Learning about Economics

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 are some recent articles about globalization and its impact on the economy and society?

Recent articles on globalization and its impact on the economy and society include "The Globalization Paradox: How Globalization is Affecting Income Inequality" by The Economist, "Globalization and Its Discontents: Challenges and Opportunities for Developing Countries" by The World Bank, and "The Social Impact of Globalization: A Critical Perspective" by The Journal of Economic Perspectives.


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.


What are the positive aspects of globalization and how do they impact different countries and industries?

Globalization has positive aspects such as increased trade, cultural exchange, and technological advancements. These benefits can lead to economic growth, job creation, and access to new markets for countries and industries. However, globalization can also create challenges such as income inequality and cultural homogenization. Different countries and industries may experience varying impacts of globalization depending on their level of development and ability to adapt to global trends.

Related Questions

What has occurred during the most recent Of globalization?

the income gap between rich and poor countries has widened. -apex!


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.


The most recent period of globalization increased the global GDP at the same time it did what else?

The most recent period of globalization increased global GDP while also leading to increased interconnectedness among countries, facilitated by advancements in technology and communication. However, it also accentuated income inequality, as the benefits of globalization were not evenly distributed.


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 are some recent articles about globalization and its impact on the economy and society?

Recent articles on globalization and its impact on the economy and society include "The Globalization Paradox: How Globalization is Affecting Income Inequality" by The Economist, "Globalization and Its Discontents: Challenges and Opportunities for Developing Countries" by The World Bank, and "The Social Impact of Globalization: A Critical Perspective" by The Journal of Economic Perspectives.


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.


What are the positive aspects of globalization and how do they impact different countries and industries?

Globalization has positive aspects such as increased trade, cultural exchange, and technological advancements. These benefits can lead to economic growth, job creation, and access to new markets for countries and industries. However, globalization can also create challenges such as income inequality and cultural homogenization. Different countries and industries may experience varying impacts of globalization depending on their level of development and ability to adapt to global trends.


Which of these has occurred during the most recent period of globalization?

The income gap between rich and poor countries has widened.


Where is globalization now?

Globalization is currently at a point where advancements in technology and transportation have made it easier for countries to connect and trade on a global scale. However, there is also increasing discussion and debate around issues such as income inequality, environmental impact, and national sovereignty as a result of globalization.


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.