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Which of the following statements is NOT true regarding globalisation and inequality and poverty? Question 5 Select one: a. There has been declining poverty in Indonesia, India and China b. Fierce global competition is driving MNEs to a 'race to the bottom' resulting in the erosion of labour standards and rights c. Per capita income has decreased d. There has been a global increase in the wealth of the middle class (especially in countries such as China and Brazil)

Question

Which of the following statements is NOT true regarding globalisation and inequality and poverty?

Question 5 Select one:

a. There has been declining poverty in Indonesia, India and China

b. Fierce global competition is driving MNEs to a 'race to the bottom' resulting in the erosion of labour standards and rights

c. Per capita income has decreased

d. There has been a global increase in the wealth of the middle class (especially in countries such as China and Brazil)

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Solution

The statement that is NOT true regarding globalisation and inequality and poverty is:

c. Per capita income has decreased

This statement is not universally true. While it may be true for certain countries or regions, on a global scale, per capita income has generally increased due to globalisation. This is because globalisation often leads to economic growth, which can increase per capita income. However, it's important to note that this growth is not always evenly distributed, which can lead to increased inequality.

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