Question

Does the position of rich countries as giants in the economic chain threaten the status of less developed
countries in the global market in 150-300 words essay.
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Answer 1

Answer:

Does the position of rich countries as giants in the economic chain threaten the status of the less developed countries in the global market?

2.7 million jobs estimated for data science roles in 2020.

No.

Rich countries are (contain) your potential .

All the (actually the individual ) have to do is make & sell goods and services - that way, they profit & grow, and even become rich themselves. was a developing country not very long ago. See also

Rich countries are also potentially in the businesses in developing countries (a.k.a. ), provided that governments don’t get grabby (you know: high taxes, , , /).

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Nobel Laureate Eric Maskin says inequality is increasing in this wave of globalization

Higher demand leads to higher wages for high skilled workers, but can also mean lower wages for low skilled workers

No easy solution for bringing low-skilled workers into the global workforce

Inequality resulting from globalization today is often viewed as existing in two varieties, one ‘less worse’ than the other.

In the ‘less-worse’ version, inequality is tolerated as a necessary side-effect of increased economic growth within a country. Through globalization, goes the argument, the wages of a segment of the work force increase, but the same doesn’t happen for other segments, so the gap in between increases.

In the ‘worse’ version, the wages of a segment of the work force (usually low-skilled and low-wage workers) drop as a result of less demand for their skills, while the wages of higher-skilled workers increase.

Explanation:

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