History, 28.06.2019 12:30 Teilen

How do the economic effects of globalization on developing countries compare to those of developed countries?

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Globalization is a process that aspires to enlarge bussiness operations around the world, making use of technological advancements, as well as political and socioeconomic development.

On developed countries, it was proven beneficial as it led to economic growth. But on developing ones, it was harmful to their economy as the costs of it, outweighted the benefits. Although free trade* boosts opportunities for international trade, it also rises the risk of failure for smaller companies that cannot compete internationally.

*Free Trade: policy that erases discrimination against imports and exports.

Answer from: kaylaw332

The correct answer is: "Firms from developing countries cannot compete with developed countries in the manufacturing sectors".

Economic globalization has involved market integration. Both have possible due to improvements in both transport and communications technologies. Many trade barriers have dissapeared and many markets of goods, services and factors of production function at an international or global level.

This scenario has been a source of wealth for developed countries, whose goods and services are commercialized all over the world. Firms serve larger markets, produce higher outputs that enable them to enjoy economies of scale and earn greater profits. On the other hand, many firms from developing countries have been worse off due to market integration. They do not have the technology or the efficiency to compete with firms from developed countries in the manufacturing sectors and many go bankrupt because consumers end up purchasing cheaper importer goods. Developing countries can only sell raw materials in the international markets, which are sold at a cheap price and, afterwards, they buy the final products which integrate those raw materials at a more expensive price from developed countries. This is why many developing countries protect their domestic industries by implementing protectionist trade policies.

Answer from: Quest

explanation:

not everyone in america is free. it is has always been a unequal society. and yet people come in swarms, in search of better lives. some are brought as children, unaware, unknowing. some arrive and just don’t leave. they build lives, pay taxes, raise families. some enter illegally, fleeing persecution in their home country.

there are many reasons why human beings are so attracted to america, despite its history of bitterness towards immigrants.

there are almost two million immigrants brought to the us when they were children. president donald trump and his collaborators are determined to rid the us of as many undocumented immigrants as they can, and stop others from coming because none of their ancestors were immigrants.

america has so many things and yet it lacks the one thing that humanity needs to fully thrive. and so this country will not be at peace in itself until it resolves the pain at the heart of slavery, attacking immigrants, and crumble the rights of those with less power.

Answer from: Quest

He would most likely post his laws in the city market

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