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.
Whole Quiz
1. access to raw materials
2. They wondered why the united states would want vast tundra of snow and ice far from the continental borders
3. Life consists of competitive struggles in which only the strong survive.
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Answer:
The size of the population of the endangered species
Explanation:
The size of the population of the endangered species is a factor been consider by The Convention on International Trade in Endangered Species (CITES) when determining which species to cover
Answer:
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The president who was most responsible for expanding the power of the presidency through the use of executive orders was Andrew Jackson. He dictated twelve executive orders, being the first American president to exceed ten executive orders during his term.
Executive orders are provisions issued by the President of the United States that administer the operations of the executive branch of the federal government.
Executive orders belong to administrative law, but have the force of law only when they are based on the executive powers granted directly to the President of the United States by the Constitution (Article II), or are dictated according to laws of Congress that explicitly delegate to the President a certain degree of discretionary power (delegated legislation).
