the colonizers used the resources of their colonies to grow their own economies
The candidate made an inflammatory speech that incensed all those who heard it.
The IMF wants to help fix the economies of countries that need its help. <apex>
Improved global communications brings these abuses to the world's attention.
The international division of labor
Increased mobility allows producers to move jobs to lower-cost labor markets.
An improved climate for foreign investment
Free trade leads to lower prices and greater sales.
It can be used to buy things without immediate payment.
Lower production costs help lure foreign investment.
The money spent on tuition cannot be invested in another way.
Alleviate poverty and underdevelopment
If most consumers didn't stay away from the company that was being protested against, a boycott would not be successful.
If the size of the labor pool increases, wages will go down.
According to the law of supply and demand when supply increases, prices will decrease.
The required reserve ratio is lowered.
The profit motive
Economists measure the gross domestic product to see how much economic activity there is in a particular country.
Making tax cuts
Comparative advantage exists when a country has a margin of superiority in the production of a good or service i.e. where the opportunity cost of production is lower.
- Comparative Advantage
â€¢ A nation having absolute disadvantages in the production of two goods with respect to another nation has a comparative or relative advantage in the production of the good in which its absolute disadvantage is less
The Socialist Republic of Vietnam.
providing welfare benefits
College loans help increase future earning power but result in a long-term commitment to monthly payments.
Globalization does not cause poverty, on the other hand, globalization lifted many people out of poverty and created a solid middle class in many developing countries. India and China are example. Globalization may have caused financial hardship for many westerners since many jobs were shipped overseas because of cheap labor.
Many developing countries do not benefit from free trade policies, because their industries are to weak to compete in the international market.
The company might fear that the letter-writing campaign will become a boycott if it doesn't respond
Higher prices for consumers
they control the foreign currency reserves that are used for international trade