Question

Development and underdevelopment impact of globalisation

Answer 1

Foreign Direct Investment's impact on economic growth has had a positive growth effect in wealthy countries and an increase in trade and FDI, resulting in higher growth rates. ... Furthermore, globalized countries have lower increases in government outlays and taxes, and lower levels of corruption in their governments.

Answer 2

Answer:

· The existing wide disparities between the developed and the underdeveloped economies makes globalisation a tool for stultifying the industrialisation process, and by extension, retarding the growth and development of underdeveloped economies