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.
Manifest destiny was a positive event. Manifest destiny was a cultural belief that said American settlers were destined to expand across North America. This expansion was really good for the country and it’s people. It increased goods and doubled the land area of the us.it was also a big improvement for trade and industry. It opened more trade routes which enhanced barter.
I am guessing this is T/F question
This is true...
Answer:
The question is asking us to say which of the following was an effect of the growth of the service industry in the late 1800s Unfortunately, the options are missing. However, we can still say some things about the service industry - 1) it had to do with industralisation, which meat an increase in pollution and also worsening of labour conditions for many people and 2) many people had access to services previously unavailable, such as travelling....
The Answer i got was C.
Explanation:
i hope this helps :)
