Globalization has supported an increase in the quality of life in many developing countries through:

Question

Quizplus · Accepted Answer

Globalization has supported an increase in the quality of life in many developing countries through supporting international investment in traditionally poorer economies, providing jobs to areas where high unemployment exists, and lowering prices for basic necessities. Through globalization, multinational corporations invest in poorer economies in order to tap into vast markets or lower production costs. This leads to the creation of jobs for locals, particularly in manufacturing and services. Increased competition and market access have also led to lower prices for goods and services, making basic necessities more affordable for many people. Overall, globalization has helped lift people out of poverty and improved their standard of living in many parts of the world.

Globalization Has Supported an Increase in the Quality of Life