Some studies have shown that globalization narrows the income gap between rich and poor countries.

Question

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Some studies have found that globalization can lead to an increase in trade, investment, and technology transfer, which can stimulate economic growth and reduce poverty in developing countries, thus narrowing the income gap between rich and poor nations. However, other studies argue that the benefits of globalization are not equally distributed and can exacerbate income inequality within countries. Ultimately, the effect of globalization on income inequality is complex and varies depending on various economic and social factors.

Some Studies Have Shown That Globalization Narrows the Income Gap