Lesson 4.5
Explore 2
Explore 2
What examples demonstrate that prosperity is accessible only to developed countries already enjoying the benefits of economic globalization?
Those who take an anti-globalization position often point out the lack of equity perpetuated by economic globalization. Equity is very much related to quality of life and prosperity. One understanding of equity is equal access to opportunities and the absence of barriers to the basic needs of life. Complete this Explore task to find out in which ways economic globalization creates inequity and limits prosperity to developed countries.
equity: equal access to opportunities and the absence of barriers to the basic needs of life
inequity: a condition of unfairness or injustice
anti-globalization: the position on the issues of globalization held by individuals and groups opposed to the expansion of global trade, global trade agreements, and multinational corporations because of the negative consequences on the quality of life and environment of people around the world, especially in less-developed countries
pro-globalization: support of the free flow of influences and forces throughout the world
international trade: the exchange of raw resources and manufactured goods and services between countries around the world
Read
Click HERE to for your reading.
The World Bank Data classifies economies by gross national income per capita. Click on Country Classification to view countries classified in these groups: low income, lower middle income, upper middle income, and high income groups.
Examine the graph titled “Developing economies increased their share of world output.”
Assignment
Please complete your Who Benefits? assignment at this point.