Question

One argument in the debate surrounding globalization is about the inequality between developed and developing nations. Explain how reduced barriers to trade and investment might help reduce this inequality.

Please Is there anybody who can give unique answer because i do not need similarities ..
Please give unique answer...

Answer 1

Answer - In the process of globalisation , the developed and the rich countries have got the various technology and incentives to exhaust their resources and trade efficiently. Things brings the inequality between the developed and the developing nations.

Developing nations have to be provided with the equal opportunities so as to give them a chance of being called a developed economy. Through the easing of trade barriers we can make them more competitive , they will be able to import the technology and expand themselves to be competitive. Developing economies likely have a cheap labor. This will enable them to attract the foreign investment , increase the wealth of the country , expand the output and employment . Hence the globalsiation gives the developing economy a good chance to stand equal to developed economies through the platform of expanded trade and investment.