Supporters of globalization argue that openness to international trade in a developing nation will ______________________ .
A)bring in workers from developed countries
B)raise per capita income in that country
C)increase emigration to developed countries
D)inspire local workers to work harder

Question

Quizplus · Accepted Answer

Supporters of globalization believe that increased trade will lead to higher economic growth rates, which will in turn raise per capita income. This is because trade allows countries to specialize in producing the goods and services that they are best at, and then trade with other countries for the goods and services that they are not as good at producing. This specialization can lead to increased efficiency and productivity, which can boost economic growth and raise incomes.

Supporters of Globalization Argue That Openness to International Trade in a Developing