Questions: Globalization has had little effect on inequality within countries, or between countries along the north/south divide. True False

The answer is False: Globalization has had little effect on inequality within countries, or between countries along the north/south divide.

Explanation:

Globalization has significantly impacted inequality both within countries and between countries, particularly along the north/south divide. Here are some key points to consider:

1. Within Countries:

   • Income Inequality: In many countries, globalization has led to increased income inequality. For example, while globalization has created new opportunities and wealth, it has often disproportionately benefited those with higher skills, education, and access to capital. This has widened the income gap between the rich and the poor within countries.
   • Job Displacement: Globalization has also led to job displacement in certain sectors, particularly manufacturing, as companies move production to countries with lower labor costs. This has often resulted in job losses and wage stagnation for lower-skilled workers in developed countries.

2. Between Countries:

   • Economic Growth: While globalization has contributed to economic growth in many developing countries, it has also exacerbated the economic divide between the Global North (developed countries) and the Global South (developing countries). Some developing countries have benefited from increased trade and investment, but others have struggled to compete in the global market.
   • Access to Technology and Capital: Developed countries often have better access to technology, capital, and infrastructure, which allows them to benefit more from globalization. In contrast, many developing countries face challenges such as inadequate infrastructure, limited access to technology, and lower levels of education, which can hinder their ability to fully benefit from globalization.

3. Examples and References:

   • China and India: These countries have experienced significant economic growth due to globalization, lifting millions out of poverty. However, this growth has also led to increased income inequality within these countries.
   • Sub-Saharan Africa: Many countries in this region have not benefited as much from globalization due to factors such as political instability, lack of infrastructure, and limited access to global markets.

In conclusion, globalization has had a profound effect on inequality both within countries and between countries, particularly along the north/south divide. The impacts are complex and multifaceted, with both positive and negative consequences depending on the specific context and country.