how globalization were stimulated.
Answers
Explanation:
One way globalisation can increase inequality is through the effects of increasing specialisation and trade. A rise in trade-to-GDP ratios signifies an increase in the volume and value of trade between countries and regions. ... Real wages come under downward pressure and inequality can increase.
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Answer:
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Explanation:
How does globalization increase productivity?
First, globalization allows countries to gain easier access to foreign knowledge. ... The positive impact has been especially large for emerging market economies, which have made increasing use of the available foreign knowledge and technology to boost their innovation capacity and labor productivity growth.
How has globalization helped the world?
Globalization Benefits World Economies
Some of the benefits of globalization include: Foreign Direct Investment: Foreign direct investment (FDI) tends to increase at a much greater rate than the growth in world trade, helping boost technology transfer, industrial restructuring, and the growth of global companies.
How does globalization increase inequality?
One way globalisation can increase inequality is through the effects of increasing specialisation and trade. A rise in trade-to-GDP ratios signifies an increase in the volume and value of trade between countries and regions. ... Real wages come under downward pressure and inequality can increase.
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