Why do you think labor standards and working conditions are lower in the low-income countries of the world than in countries like the United States?

Q: What are some ways that governments can helppeople who lose from trade?

A: Nevertheless, reciprocal trade agreements often restrict rather than eliminate protectionist…

Q: Do you believe that globalization has created new problems and exacerbated existing difficulties for…

A: Globalization refers to the interdependence of many world cultures, demographics, and economy. It's…

Q: What are the actors that facilitate economic globalization. Discuss each of them.

A: Economic globalization is defined as the movement of capital, goods, service,  information, and…

Q: things that people do now which could not be done before globalization?

A: Globalization is an outcome of the liberalization and the privatization. It refers to the…

Q: what affects the global economy to developed country?

A: Macroeconomics is a part of economics that deals with production, decision and allocation concerning…

Q: If you have an advice to give our (Philippines) country's economic managers, what would it be?

A: In Philippines, the reason for low education and Health Services is a slow economic growth and…

Q: Explain the economic influence China has in the world

A: China being the most populated country in the world is also one the most influential nations.

Q: What is your own global story? Topic is about globalization

A: Globalization can be defined as a word which is used to portray the developing relationship of the…

Q: How can trade affect growth and its effect on poverty?

A: Trade: - it is the buying and selling of goods and services. There is direct link between poverty…

Q: any suggestions to improve the economic conditions of a country?

A: Economic conditions of a country deteriorates if the growth rate stagnates or it is negative.…

Q: What does it mean if a country has a traditional economic system?

A: If a country has a traditional economic system then it means the economy of a country relies upon…

Q: what way did world economic patterns and growth change as Latin America became more integrated into…

A: The global economy, often known as the world economy, is the total of all activities that take place…

Q: does canada need additional unemployment insurance payments to workers who are laid off because of…

A: Introduction The global economy is becoming increasingly interconnected, and international trade is…

Q: Is Poverty also caused by changes in the world economic system?

A: Yes poverty can be caused due to changes in Economic System. There are three major types of economic…

Q: Why isn’t it possible for all manufacturing jobs to leave the United States and go overseas (as some…

A: In the case of the US economy, the manufacturing sector plays a vital role as the US is the…

Q: If a country closes off to trade and prices remain unchanged, what does that mean?

A: A closed economy refers to one that does not trade with other countries. As a result, the closed…

Q: hat are some of the economic problems Filipinos face in the present time? What needs to be done?

A: Unemployment , inflation, low growth , deflation , stagflation ,poverty ,income inequality etc are…

Q: Compose  a short poem about Globalization

A: The effects of globalisation are detrimental. Illness has spread across the globe because of…

Q: Why do countries integrate?

A: There are many reasons that the countries integrate, for example when many countries integrate then…

Q: does globalization has created new problems and exacerbated existing difficulties for many of the…

A: The Globalisation refers to the integration of world economies on whole. The integration would mean…

Q: Explain in general what mean World Unemployment and Labor Markets ?

A: An agreement that is entered between an employee and an employer for providing certain services in…

Q: he basic needs of the people are controlled by the country and multinational

A: The central economic problems can be solved in 2 ways- Market Economy (one in which all economic…

Q: Why is income per person so much higher in some countries than others?

A: A commonly used indicator to measure the level of prosperity in a nation is the per capita gross…

Q: The figure shows the flows of income and expenditure in an economy. In 2008, Q was $1,100 billion, U…

A: The circular flow of income represents the flow of money, goods and services among different sectors…

Q: Is the United States a capitalist society?

A: A capitalist economic system is one characterised by free markets and the absence of government…

Q: When countries trade with each​ other, does it result in a gain for​ everybody?

A: International trade alludes to the exchange of products and services across national boundaries. It…

Q: Why is having a stable democracy that respects human rights a requirement for joining the European…

A:

Q: Is the United States an economically just society? Support your answer with examples. Is the United…

A: Evaluating the economic justice of a society is a multifaceted endeavor that requires a…

Q: What is distinctive about low-income economies?

A: The global bank divides economies into three groups based on their GNI for operational and…

Q: free trade and globalization

A: Globalization and the attendant concerns about poverty and inequality have become a focus of…

Q: Why does a country need to answer the problem of production and distribution?

A: The main activities that an economy faces are of production , distribution and the disposition of…

Q: What are some of the Factors Leading to Globalization? What is meant by a Poverty Trap?

A: Globalization is caused by many factors such as improvement in technology, growth of MNCs, improved…