Which of the following statements is true about the implications of globalization on developing countries?
A) Globalization has depressed wages in developing nations.
B) Among the developed countries, the earnings gap between workers in skilled and unskilled sectors has widened.
C) Globalization is increasing the wage gap between developing and developed nations as developed nations experience rapid economic growth.
D) The citizens of developing countries have achieved higher living standards due to globalization.
E) Globalization has destroyed manufacturing jobs in developing economies.

Question

Quizplus · Accepted Answer

Globalization has often led to higher living standards in developing countries by providing access to larger markets, technology, and investment, which can drive economic growth and development.

Which of the Following Statements Is True About the Implications