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.
Answer: The United States and 11 other Western nations founded the North Atlantic Treaty Organization in 1949 in response to the threat of potential Communist expansion. (\sNATO). The Warsaw Pact, a rival organization, was founded in 1955 by the Soviet Union and its communist allies in Eastern Europe.
Explanation:
Answer:
Sole proprietorships have several advantages over other business entities. They are easy to form, and the owners enjoy sole control of the business profits. However, they also have disadvantages, the biggest of which being that the owner is personally liable for all business losses and liabilities.
Explanation:
Hello My Friend!
...
Simplest form of the ratio 11 : 16
IS 11 : 16In Other Words,
11 is prime so that is already in simplest form...It is already at it's simplest form.
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