Which of the following statements is NOT correct?
A) Many poor nations have backward financial markets, giving the public no access to foreign investments.
B) Financial markets offer little security and government regulation in poor nations.
C) In many poor nations, few people are rich enough to save, and there is capital flight.
D) Poor nations benefit greatly from globalization through the use of foreign investments.

Question

Quizplus · Accepted Answer

The statement that is not correct is D, as poor nations often face significant challenges in benefiting from globalization due to factors such as lack of access to foreign investments, inadequate financial markets, and capital flight. While globalization has the potential to offer benefits, the extent to which poor nations can leverage these benefits is limited by various structural and economic barriers.

Which of the Following Statements Is NOT Correct