True / False and why? More globalized developing countries are growing faster than less globalized developing...

True / False and why? More globalized developing countries are growing faster than less globalized developing countries.

Expert Solution

More globalized developing countries are growing faster than less globalized developing countries

TRUE

(Due to globalization cross border trade of goods services is made possible,it aims at breaking down boundaries and bringing the whole world together as one market.It makes possible the flow of people,technology,investment as well as information between various countries.This inflow of foreign investment,technology as well as information helps the economic growth of the nation,thus solving the problem of poverty.Thus it gives a boost to the economy.

Globalization helps the developing countries to keep up with the other countries of the world as it aims at removing trade barriers.Developed countries depend on the developing countries for raw materials and markets whereas developing countries depend on developed nations for resource inputs.

Globalization has also left an impact on the health and education system of the developing countries,which is of prime importance for the future of the country.Thus the countries more globalized grow faster economically than the less globalized ones.)

Rahul Sunny answered 2 years ago

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