Business Studies, asked by roysurjo6625, 11 months ago

Development and underdevelopment impact of globalisation

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Answered by Gunjalraj
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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.

Answered by riya6087
0

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

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