From the perspective of a developing economy (e.g., India, China), do you think globalization is an advantage or a disadvantage for developing economies? Provide a basis for your argument.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Globalization describes the integration of world economies, but for rather some time, few developed nations such as the USA and UK are moving towards the anti-globalization policies.
Globalization now relocating favor of establishing nations. Established countries have become a market for developing countries, China is a supreme example of this. United States trade deficit with China is close to 485 Billion dollars which are huge and matter of worry. US items are unable to compete against Chinese items in the United States market. Trump's federal government has actually begun a trade war to conserve the economy of the US.

But the benefits of globalization are not equally distributed in addition to the establishing countries. Few nations where the political system is not steady enough, such countries. India through its expertise in the IT sector.
developed countries are also getting from trade but over the long-developing countries are going to be big beneficiaries of globalization.

Add a comment
Know the answer?
Add Answer to:
From the perspective of a developing economy (e.g., India, China), do you think globalization is an...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.