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.
When the British intercepted the Zimmerman telegram, they realized Germany was offering a diplomatic proposal for Mexico to become their ally during World War I in case the United States were ever to take up arms against the Germans. However, this outraged the American public including the president at the time which was Woodrow Wilson, and this led to speeding up of American armament and the declaration of war on Germany.
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The opponent process theory suggests that the way humans perceive colors is controlled by three opposing systems. We need four unique colors to characterize perception of color: blue, yellow, red, and green. According to this theory, there are three opposing channels in our vision.
Explanation:
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it is a
Explanation:
becuase when you export something you take something or send something
