<u>Answer:</u>
The aspects of the unfair balance of power prevalent in Western Culture were criticized by Voltaire.
<u>Explanation:
</u>
- Voltaire believed that the French Institutions that fed the system of hierarchy in the society should be abolished for the society to prosper.
- He was against the unreasonable treatment determined by the monarchy for the people of the third estate.
- He also condemned the taxes levied by the monarch on the commons. He believed that equality and justice would only prevail if a constitutional monarchy is brought into force.
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:
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