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.
It's possibly
C. They led to a greater divide between rich and poor.
Answer:
Scholars writing about historical events, people, objects, or ideas produce secondary sources because they help explain new or different positions and ideas about primary sources. These secondary sources generally scholarly books, including textbooks, articles, encyclopedias, and anthologies.
During the 1800s due to an economic and military weakness of the U.S compared to its neighbors the British, French and European rivals, the United States foreign policy makers sought diplomatic means to counter European presence.
The U.S diplomacy aimed at preventing France and Britain from accessing the control of more colonies in Latin America and Mexico which were a part of a declining Spanish empire.
Foreign policy goals previously focussed on gaining colonies and expansion to new territories, but, changed to developing commercial empires, limit the influence o the Soviet (USSR) and encourage more significant economic and political freedom.
