I looked to the National Bureau of Economic Research, who recently published Globalization and Poverty. Here’s what I found out:
Some studies show that globalization has been associated with rising inequality, because the poor do not always share in the gains from trade. An example of this is the coffee trade. Coffee is the second most traded commodity in the world, yet most of its growers only make 10% of what it eventually sells for. However, when farmers have access to credit, technical know-how, and social safety nets such as income support, trade can benefit the world’s poor.
The book argues that export growth and incoming foreign investment have proven to reduce poverty. But, at the same time, trade and foreign investment alone are not enough to alleviate poverty. Increasing access to education and credit, as well as improved infrastructure, are necessary in order to see real progress. Echoing that idea, Harrison concludes that globalization can benefit people living in extreme poverty, but only if the appropriate complementary policies and institutions are in place.
C= Geography
Hope it helps! C;
Winter is the phase of year when countries in the northern and southern hemispheres, respectively, see the least amount of direct sunlight.
December, January, and February in the Northern Hemisphere and June, July, and August in the Southern Hemisphere are the months when a portion of the Earth experiences the least amount of daylight. The Earth's 23.5° axial tilt as it orbits the sun causes solitons and varying solar declinations. This indicates that, during the year, one of the hemispheres is tilted toward the sun and receives the most intense solar rays, while the other receives the least amount of sunlight.
To know more about axial tilt
brainly.com/question/8678564?referrer=searchResults
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Trading blocs.
Or Acronyms.
When two oceanic plates converge, the denser plate will end up sinking below the less dense plate, leading to the formation of an oceanic subduction zone. Old, dense crust tends to be subduction back into the earth.
