Discuss the five main defenses of globalization.
What will be an ideal response?
Free trade has resulted in an overall rise in wages, consumption and levels of prosperity. In many cases the low paying poor conditions factory jobs are the best alternatives in LDCs. Instead of a race to the bottom MNCs ultimately lay the groundwork for prosperity and higher wages. Many LDCs have no choices but to borrow heavily to get the capital needed to invest in their economies. The brain drain has led to an increase in remittances.
You might also like to view...
What was likely the rationale behind the framers' decision to have members of the U.S. Senate appointed by their respective state legislatures?
A. to minimize the effect of federalism B. to insulate the Senate from the tyranny of the majority C. to ensure legislative responsibility to the states D. to maintain Senate dominance over the House of Representatives
In matters of religion, the free exercise clause protects individuals from which of the following?
A. discrimination B. persecution C. government interference D. segregation
The special election of 1975 on the proposed Texas Constitution resulted in
A) overwhelming voter approval for the document. B) a 62 percent turnout of registered voters defeating the proposed constitution. C) defeat of all eight submissions with a low voter-turnout. D) approval of four of the eight submissions and defeat of the other four.
A federal judge has not been impeached and removed from office for more than 100 years.
Indicate whether this statement is true or false.