Which of the following statements is NOT true regarding globalisation and inequality and poverty?Question 8Select one:a.Per capita income has decreasedb.There has been declining poverty in Indonesia, India and Chinac.There has been a global increase in the wealth of the middle class (especially in countries such as China and Brazil)d.Fierce global competition is driving MNEs to a 'race to the bottom' resulting in the erosion of labour standards and rights
Question
Which of the following statements is NOT true regarding globalisation and inequality and poverty?Question 8Select one:a.Per capita income has decreasedb.There has been declining poverty in Indonesia, India and Chinac.There has been a global increase in the wealth of the middle class (especially in countries such as China and Brazil)d.Fierce global competition is driving MNEs to a 'race to the bottom' resulting in the erosion of labour standards and rights
Solution
The statement that is NOT true regarding globalisation and inequality and poverty is:
a. Per capita income has decreased
Globalisation has generally led to an increase in per capita income in many countries, especially developing ones. This is due to increased trade, foreign investment, and economic integration. While it's true that income inequality may have increased in some cases, the overall trend is towards higher per capita incomes, not lower.
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