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.
The correct answer is D. Chattahoochee River
Explanations.
The Chattahoochee River is a river located in the Southern of the U.S. and is part of the border of three states: Georgia, Florida, and Alabama. Because of this, te Chattachooche River plays an important role in all the three states not only because it crosses different cities but also due to the attempts to preserve the river and the use of water in it. This had led to different controversies and disputes between the three states in the last decades as each state claims ownership over the river and therefore its right to use this natural resource. Therefore, the one that is likely to be the source of this legal battle is Chattahoochee River, because due to its location Alabama, Georgia, and Florida claim ownership over the river.
The open door policy was received with almost universal approval in the united states and for more than 40 years it was a cornerstone of america foreign policy in east Asia.
