1. Does the gap between rich and poor countries widened?
... . "A rallying point for many critics of today's global economy and of the IMF (international monetary fund) is that, while the advanced countries are becoming more and more prosperous, extreme poverty remains prevalent in many parts of the world."" Many critics have characterized globalisation as a race to the bottom in which the free play of market forces drives wages and labour standards in the poorest countries even lower as the latter attempt to attract foreign investment ... defined by having strongly improved their trade performance. Inequality has risen in some developing countrie...
- Word Count: 6472
- Approx Pages: 26
- Has Bibliography
- Grade Level: Undergraduate