Asked by Hailey Gilbert on Apr 26, 2024
Verified
In the 1980s and 19990s which countries experienced increasing inequality due to openness in free trade and foreign investment?
A) China
B) Chile
C) Mexico
D) Malaysia
E) all of the above
Free Trade
An economic policy that allows imports and exports to occur without governmental tariffs, quotas, or other restrictions, promoting international trade.
Foreign Investment
Capital investment made by individuals or entities based in one country into the businesses or assets of another country.
- Gain insight into the complexity of globalization, including its economic, political, and social elements.
- Acquire an understanding of the theoretical frameworks that elucidate global inequality, including the concepts of modernization and dependency.
Verified Answer
FM
Fernanda MorenoApr 26, 2024
Final Answer :
E
Explanation :
All of the above countries experienced increasing inequality due to openness in free trade and foreign investment during the 1980s and 1990s. In China, economic liberalization policies led to significant income inequality, with coastal regions seeing more benefits than rural areas. In Chile, the policy of free trade and market-oriented reforms produced economic growth, but also exacerbated income inequality between the rich and the poor. Similarly, in Mexico, the North American Free Trade Agreement (NAFTA) led to increased investment and trade, but also contributed to rising income inequality. In Malaysia, while liberalization policies brought economic growth, social inequalities widened as the benefits were concentrated among the urban population and foreign investors.
Learning Objectives
- Gain insight into the complexity of globalization, including its economic, political, and social elements.
- Acquire an understanding of the theoretical frameworks that elucidate global inequality, including the concepts of modernization and dependency.
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