What has happened to countries that did not participate in the globalization of the world economy?
A)The fraction of the population living below the poverty line in these countries has decreased.
B)These countries have been mired in a low-growth path and are experiencing high poverty rates.
C)The socialist policies in this countries have caused a big change in the income distribution, something that globalization could not have achieved.
D)The growth rate of these countries is stronger than the First World countries.
E)The domestic industries in these countries have experienced robust growth.

Question

Quizplus · Accepted Answer

Countries that did not participate in the globalization of the world economy have often struggled to generate economic growth and have high poverty rates. This is because they miss out on the benefits of international trade and investment, which can boost productivity and create jobs. Without these advantages, these countries are often stuck in a low-growth path.

What Has Happened to Countries That Did Not Participate in the Globalization