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  • 22-09-2020
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What is globalization? Does it hurt the poor? Why or why not?

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  • 22-09-2020

Answer:

Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale. Globalization produces both winners and losers among the poor. Some studies show that globalization has been associated with rising inequality, because the poor do not always share in the gains from trade. But, at the same time, trade and foreign investment alone are not enough to alleviate poverty.

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