1. Globalization serves the poor
... they are being further cut off from free-market trading from the First-World countries, who are continuing rapid development. History has shown that globalization has been good for the developing countries. During the 80's, as globalization accelerated, the poor nations grew annually at 3.6 percent, more than twice the rate of the rich countries. The Cato Institute did a study, and found that a nation's economic liberty strongly correlates with economic ... growth. This means that the poor nations need to be open to free trade, through many market ... ...
- Word Count: 259
- Approx Pages: 1
- Grade Level: High School