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Widened the income gap between rich and poor countries

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16y ago

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The most recent period of globalization increased he global GDP at the same time it did what else?

The most recent period of globalization increased global GDP while also exacerbating income inequality both within and between countries. It facilitated the movement of goods, services, and capital across borders, leading to economic growth; however, it often disproportionately benefited wealthier nations and individuals, leaving marginalized communities and developing countries at a disadvantage. Additionally, globalization contributed to environmental challenges due to increased production and consumption patterns.


Labor migration has increased dramatically during the recent period of globalization because workers are what?

Workers are going to developed countries in search of better-paying jobs.


What is the most recent example of disease spread as a result of globalization?

The Zika virus is the most recent example of disease spread as a result of globalization


What are some recent articles about globalization and its impact on the economy and society?

Recent articles on globalization and its impact on the economy and society include "The Globalization Paradox: How Globalization is Affecting Income Inequality" by The Economist, "Globalization and Its Discontents: Challenges and Opportunities for Developing Countries" by The World Bank, and "The Social Impact of Globalization: A Critical Perspective" by The Journal of Economic Perspectives.


Which of these has occurred during the most recent period of globalization?

The income gap between rich and poor countries has widened.


Why has the global market grown so rapidly in recent years?

The global market has grown rapidly in recent years due to several key factors, including advancements in technology that have facilitated international trade and communication. The rise of digital platforms has enabled businesses to reach a wider audience, while globalization has led to increased investment and the integration of markets. Additionally, emerging economies have contributed to this growth by becoming significant players in global trade. Lastly, the expansion of e-commerce has transformed consumer behavior, driving demand for products across borders.


How recent is the concept of globalization?

It is from the 60's and 70's.


What is exporting why has it increased so dramatically in recent year?

Exporting refers to the process of selling goods and services produced in one country to buyers in another. It has increased dramatically in recent years due to globalization, advancements in technology, and trade agreements that lower barriers to international trade. Additionally, many businesses are seeking new markets to diversify their revenue streams and mitigate risks associated with domestic economic fluctuations. The rise of e-commerce has also made it easier for small and medium-sized enterprises to access global markets.


Was there always global warming?

No, global warming is a relatively recent phenomenon that has significantly accelerated since the industrial revolution. Human activities, such as burning fossil fuels and deforestation, have increased greenhouse gas emissions in the atmosphere, leading to global warming.


In recent decades America's economy has?

In recent decades, America's economy has experienced significant transformation marked by technological advancements and globalization. The shift towards a service-oriented economy has led to the decline of traditional manufacturing jobs, while sectors like technology and finance have grown substantially. Additionally, income inequality has increased, with wealth concentrating among the top earners. Despite these challenges, the economy has shown resilience, recovering from recessions and adapting to changing global conditions.


Is recent an adjective or adverb?

Recent is an adjective: 'The recent sales have increased our turnover'. Recently is the adverb: 'The sales we held recently have increased our turnover'.


Is the world a global village?

The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. Globalization has had the effect of markedly increasing not only international trade, but also cultural exchange. Investopedia Says: The advantages and disadvantages of globalization have been heavily scrutinized and debated in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper. Source: http://www.answers.com/globalization?cat=biz-fin&gwp=11&method=3&ver=2.3.0.609 International integration Globalization is the spreading of an idea, product, or technology around the world, social, economic, industrial.