The World Bank tracked the performance of countries that had undergone varying degrees of globalization since the 1960s. Which of the following was a conclusion of the study?
a. The process of globalization widened the gap between rich countries and poor countries.
b. The growth rates of globalizing countries were higher than the growth rates of nonglobalizers.
c. The fraction of the very poor increased in newly globalized economies.
d. Globalization increased income inequality.
e. Unemployment increased in newly globalized countries.
Question 2
Technology spillovers:
a. Are caused by patents.
b. Can lead to clustering of technology firms near one another.
c. Are examples of negative externalities.
d. All of the above are true.
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