Explain Globalization Globalization Q34313833

explain your with the Globalization or against Globalization

Expert Answer

These are the arguments with the globalization:

Reducespoverty: According to the research statistics, between1990 and 2010, the number of people living under extreme poverty indeveloping countries decreased from 43% to 21%, i.e. reduction ofaround 1 billion people. This evidence shows that globalization isimproving standard of living in developing country.

ComparativeAdvantage: Every country does not have all the resourcesto produce the goods and services. Some nations have abundantnatural resources, while some have man-made resources.Globalization allows the transition of these resources from onecountry to another, which ultimately leads to the higher productionat affordable