Question

Globalization results into unequal competition. (State with reason whether the given statement is true or false)

Answer 1

No, the state is false.  

According to authors Peter Lindert and Jeffrey Williamson, the growing globalization has alleviated the effects of inequality especially between nations who are the participant of the global markets. Poor countries are now gained most due to the effect of globalization, it helped to change the policies of the countries to a direction of development and welfare. It helped the countries their economic and political policies.

Nations that cohesive into the world economy, the income gaps between those nations has been reduced by the globalization of commodity and factor markets.  Labour-abundant countries are now initiating to open up to international trade and factor movements. This has lowered inequality.