Globalization moves jobs to where wages are low, and therefore, growth in the LDC middle classes is tied directly to losses in the MDC middle classes.

Question

Globalization moves jobs to where wages are low, and therefore, growth in the LDC middle classes is tied directly to losses in the MDC middle classes. ​

Quizplus · Accepted Answer

Globalization allows companies to move jobs to countries with lower wages, which can lead to job losses in countries with higher wages. This can lead to a decline in the middle class in developed countries and a growth in the middle class in developing countries.

Globalization Moves Jobs to Where Wages Are Low, and Therefore