identify ine bright side of globalisation
Answers
Explanation:
developed countries need to make the case to their citizens that globalization brings opportunities. Many people in developed countries see job losses to countries where wages are lower, and fear immigration is hurting their living standard, he said in a speech at the Peterson Institute for International Economics. “Too few see clearly the pay-offs—poverty reduction, the innovation that comes from shared ideas, higher living standards from greater access to trade, and higher returns to the wealthy world from investment partnerships with developing countries,” Mr. Lipton said. He called on leaders in developed countries to “do more to make the case for globalization and interconnectedness,” and also better manage “the spillovers and volatility that create setbacks and disillusionment.” Mr. Lipton traced his early years at the IMF, including work in Poland during the communist East Bloc collapse and his time at the U.S.