The World Bank has found that countries that are increasing their trade with other countries (thus globalizing) have seen a decrease in their economic growth, thus pointing to the fact that globalization is bad for economic development.

Question

Quizplus · Accepted Answer

The World Bank has generally found that countries increasing their trade with others and integrating into the global economy tend to experience higher economic growth rates, not lower. Globalization can lead to increased efficiency, access to larger markets, and the transfer of technology, all of which can contribute to economic development.

The World Bank Has Found That Countries That Are Increasing