I would suggest posting this again if not already done
Globalization must be expected to influence the distribution of income as well as its level. So far as the distribution of income between countries is concerned, standard theory would lead one to expect that all countries will benefit. Economists have long preached that trade is mutually beneficial, and most of us believe that the experience of widespread growth alongside rapidly growing trade in the postwar period serves to substantiate that. Similarly most FDI goes where a multinational has intellectual capital that can contribute something to the local economy, and is therefore likely to be mutually beneficial to investor and recipient. And a flow of capital that finances a real investment is again likely to benefit both parties, since the yield on the investment is expected to be higher than the rate of interest the borrower has to pay, while that rate of interest is also likely to be higher than the lender could expect at home since otherwise there would have been no incentive to send it abroad. Loose talk about free trade making the rich countries richer and poor countries poorer finds no support in economic analysis.
Answer:
The most important change in the US economy after the Civil War was the transformation from an agricultural society into an industrial society. Factors to be taken into account are: a large pool of labor thanks to constant immigration from abroad; access to massive amounts of raw materials such as timber, iron ore, oil; new inventions and technological advances; and the transcontinental rairoad that connected the East and the West coasts, facilitated the movement of items and people throughout the American terrritory. Growing urbanization and better living standards in cities are a result of industrialization.
Explanation:
The Umayyads were unable to conquer the nascent Christian Kingdoms in the North which included but were not limited to: Leon, Castille, the Basque Territories, and the Catalonian Counties. In addition, the Umayyads were not able to prevent the fragmentation of their territory into the Taifa Kingdoms in 1038.
