Globalization is a win-win. If two countries trade, both benefit; if a country receives immigrants, home and host countries gain; if capital flows freely, both the sender and the receiver are better off. Economists, who agree on little, are almost unanimous about this. There is only one caveat: though both sides gain, there are groups of winners and losers within each country.
Least satisfactory was the outcome for the people in the 75 th to 90 th percentile of the global income distribution, who saw zero growth in their real income. Those people represent a global upper-middle class, including the lower-middle class of rich countries, as well as many people in Latin America and former Communist countries in Eastern Europe.
It is generally thought that two groups are the big winners of the past two decades of globalization: the very rich, and the middle classes of emerging market economies. The statistical evidence for this has been cobbled together from a number of disparate sources. The evidence includes high GDP growth.
Winners and Losers of Globalization. Globalization has some clear winners and losers. It has greatly benefited the global middle group especially people in Brazil, Indonesia, and China as well as the top 1% in the world. While this is the case those at the bottom as well as the low middle class in rich countries have being left out.
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The Winners and Losers of Globalization Essay Sample. Globalization benefits all countries when a country specializes in a product or service and then exchange that good or service with other countries. But these benefits of globalization are never evenly distributed across the whole economy of a given country. There are always winner and losers.
Who are the winners and losers of globalization? Globalization is the process of international integration arising from the interchange of world views, products goods and services, ideas, and other aspects of culture.It is featured in nearly every country in the world and this is through mainly the trading of goods from one country to another.Globalisation can bring wealth into a country as it.
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