To answer this question, we need to evaluate each statement one by one:

a. In developing economies, there have been job gains in lower value-added industries - This statement is generally true. Globalisation often leads to job creation in lower value-added industries in developing economies, as these economies often have a comparative advantage in these industries due to lower labor costs.

b. In developing economies, there have been job gains in higher value-added industries requiring higher skill and educational levels - This statement is generally not true. While there may be some job gains in higher value-added industries in developing economies due to globalisation, these are typically not as significant as the job gains in lower value-added industries. This is because developing economies often lack the skilled labor and advanced infrastructure required for these industries.

c. There have been increasing wages in higher value-added industries - This statement is generally true. Globalisation often leads to increased wages in higher value-added industries, as these industries typically require more skilled labor, which is often in shorter supply and therefore commands higher wages.

d. There has been job creation in industries where a comparative advantage exists, leading to greater efficiency in the use of factors of production - This statement is generally true. Globalisation often leads to job creation in industries where a country has a comparative advantage, as this allows the country to produce goods or services more efficiently than other countries.

So, the statement that is NOT true regarding globalisation and jobs is:

b. In developing economies, there have been job gains in higher value-added industries requiring higher skill and educational levels.

Question

To answer this question, we need to evaluate each statement one by one:

a. In developing economies, there have been job gains in lower value-added industries - This statement is generally true. Globalisation often leads to job creation in lower value-added industries in developing economies, as these economies often have a comparative advantage in these industries due to lower labor costs.

b. In developing economies, there have been job gains in higher value-added industries requiring higher skill and educational levels - This statement is generally not true. While there may be some job gains in higher value-added industries in developing economies due to globalisation, these are typically not as significant as the job gains in lower value-added industries. This is because developing economies often lack the skilled labor and advanced infrastructure required for these industries.

c. There have been increasing wages in higher value-added industries - This statement is generally true. Globalisation often leads to increased wages in higher value-added industries, as these industries typically require more skilled labor, which is often in shorter supply and therefore commands higher wages.

d. There has been job creation in industries where a comparative advantage exists, leading to greater efficiency in the use of factors of production - This statement is generally true. Globalisation often leads to job creation in industries where a country has a comparative advantage, as this allows the country to produce goods or services more efficiently than other countries.

So, the statement that is NOT true regarding globalisation and jobs is:

b. In developing economies, there have been job gains in higher value-added industries requiring higher skill and educational levels.

Knowee AI · Accepted Answer

To answer this question, we need to evaluate each statement one by one:

a. In developing economies, there have been job gains in lower value-added industries - This statement is generally true. Globalisation often leads to job creation in lower value-added industries in developing economies, as these economies often have a comparative advantage in these industries due to lower labor costs.

b. In developing economies, there have been job gains in higher value-added industries requiring higher skill and educational levels - This statement is generally not true. While there may be some job gains in higher value-added industries in developing economies due to globalisation, these are typically not as significant as the job gains in lower value-added industries. This is because developing economies often lack the skilled labor and advanced infrastructure required for these industries.

c. There have been increasing wages in higher value-added industries - This statement is generally true. Globalisation often leads to increased wages in higher value-added industries, as these industries typically require more skilled labor, which is often in shorter supply and therefore commands higher wages.

d. There has been job creation in industries where a comparative advantage exists, leading to greater efficiency in the use of factors of production - This statement is generally true. Globalisation often leads to job creation in industries where a country has a comparative advantage, as this allows the country to produce goods or services more efficiently than other countries.

So, the statement that is NOT true regarding globalisation and jobs is:

b. In developing economies, there have been job gains in higher value-added industries requiring higher skill and educational levels.

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