To minimize the economic inequality within developing nations,studies suggest that the nations can boost incomes of their poorest citizens by ________.
A) rejecting globalization and sheltering themselves from exploitation
B) embracing globalization and integrating themselves into the global economy
C) fortifying trade barriers and discouraging exports
D) encouraging economic independence and restricting imports

Question

Quizplus · Accepted Answer

Embracing globalization and integrating into the global economy is the best choice to minimize economic inequality within developing nations. Studies have shown that globalization can increase economic growth, job opportunities, and investments, all of which can benefit the poorest citizens by increasing their incomes. Additionally, this approach encourages countries to specialize in their economic strengths and access a broader market, leading to increased exports and foreign investments, which can help reduce poverty. Rejecting globalization or fortifying trade barriers and restrictions can limit economic growth and reduce opportunities for the poorest citizens. Encouraging economic independence and restricting imports may lead to limited economic growth and inefficient resource allocation.

To Minimize the Economic Inequality Within Developing Nations,studies Suggest That