Inequality

Question 1

how important a factor in development

Answer 1

Beyond a certain threshold, inequality harms growth, poverty reduction, the quality of relations in the public and political spheres of life and an individual’s sense of fulfillment and self-worth.

Question 2

Benefits of globalisation?

Answer 2

The process of globalization will ultimately benefit the underdeveloped/developing countries. Changes such as free trade and open markets, along with the culture of liberal democracy will only add to the prosperity, progress, growth and well-being of less fortunate people.

Question 3

Harm of globalisation?

Answer 3

Development does not necessarily translate into inequalities in societies or between states. The rich continue to get richer at the expense of the poor, and large organizations (i.e MNCs) are the real winners as whole populations have become losers in a global scheme