Chapter 20, Problem 22AA

To determine

To analyse: The change to global integration if the developing nations catch the developed nations.

Explanation of Solution

In a country where the average income is very low than that of developed nations, where the economy depends on a few export crops, and where primitive methods of farming are used, fast population growth makes threats to the food supply in many developed nations. These nations lag technological advancement due to which they produce less than their capacity.

If the developing nation will catch up to the developed nations, they will start producing more goods and services due to which the overall economic system will develop. The global integration will become powerful and there will be fair competition across the nations. In the world economic forum, each country will have a significant contribution to promoting peace and Sovereignty. There will be uniform economic development across nations due to which the inequality across the country will decline.