Most of the benefits from international trade and openness (globalization)now seem to flow primarily to some of the most dynamic emerging market economies.

Question

Quizplus · Accepted Answer

This statement is true. According to various studies, emerging market economies such as China, India, and Brazil have experienced significant economic growth and poverty reduction as a result of their increased participation in international trade and openness. Meanwhile, developed countries have seen less significant gains and may even suffer job displacement and wage stagnation.

Most of the Benefits from International Trade and Openness (Globalization)now