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How do the economic effects of globalization on developing countries compare to those on developed countries?

A. Organizations like the World Trade Organization have leveled the field by supporting developing countries and restricting developed countries.
B. Intergovernmental organizations have brought economic aid to developing countries, but have given developed countries more influence and control.
C. Technology in developed countries has led to extreme population growth, but developing countries have not experienced such rapid growth.
D. Globalization has brought economic prosperity to developed countries, but has led to consistent economic decline in developing countries.



Answer :

GinnyAnswer

Final answer:

The economic effects of globalization differ between developing and developed countries, with developing nations potentially facing increased dependency and exploitation. Developed countries often have more control and influence over economic aid distribution.


Explanation:

Economic effects of globalization on developing countries compared to developed countries:

  1. Dependency: Developing countries may rely more on multinational corporations and other nations for aid, potentially weakening their economic independence.
  2. Lack of control: Developed countries often have more influence over economic aid distribution and policies, giving them greater control.
  3. Exploitation: Globalization can lead to exploitation of local labor forces and resource funneling away from developing countries.

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