In the debate over inequality, poor nations open to world trade and investment appear to grow faster than rich nations.

Question

Quizplus · Accepted Answer

This is generally true. Poor nations that open up to world trade and investment often experience an increase in economic growth due to increased competition, access to new markets, and capital inflows. Developed nations, on the other hand, already have established economies and face diminishing returns to investment, which can limit their growth potential. However, it is worth noting that the benefits of globalization are not evenly distributed and can lead to increased inequality both within and between nations.

In the Debate Over Inequality, Poor Nations Open to World