Globalization Questions
Globalization has had a mixed impact on income inequality. On one hand, it has led to increased economic growth and opportunities, which has helped lift many people out of poverty and improved living standards for some. On the other hand, globalization has also contributed to widening income gaps between the rich and the poor, both within and between countries. This is primarily due to factors such as the outsourcing of jobs to low-wage countries, the concentration of wealth in the hands of multinational corporations, and the erosion of workers' rights and protections. Overall, while globalization has brought benefits to some, it has also exacerbated income inequality in many parts of the world.