Author Question: What impact has globalization had on the developing world? a. Globalization contributed to a race ... (Read 716 times)

jake · **on:** Jul 8, 2018

What impact has globalization had on the developing world?

a. Globalization contributed to a race to the top that has contributed to unprecedented levels of wealth and freedom.
b. Globalization led to a race to the bottom that reduced the quality of life for ordinary people.
c. Globalization helped the populations of Thailand and Taiwan, but done little to help those in South Korea.
d. Globalization increased the standard of living for the average person, but also increased economic inequality.

Question 2

The record of the Washington Consensus in promoting economic

development shows that:
a. the race-to-the-top argument was correct.
b. the race-to-the-bottom argument was correct.
c. poor countries such as Haiti were helped more than wealthier less-developed countries.
d. the Washington Consensus was theoretically incomplete and often contradicted by the evidence.