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 president is elected by the people.
C.
Explanation:
Federal system means that the central government and the local government or state government share powers but within the national government.
GOIGN AWAY FOR THE SUMMER
After Lincoln won the 1860 presidential election, the <span>South Carolina seceded from the Union fearing Lincoln’s views on slavery.
Abraham lincoln has always been the most prominent voice of anti-slavery at that period. Due to the fear of lincoln's new regulations on the economic output of their plantations, south caroline decided to secede the union.</span>
Answer: Germany, Japan and Italy.
Explanation:
Adolf Hitler was With Germany
Benito Mussolini was with Italy
Emperor Hirohito was with Japan
