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| Globalization and Trade and Poverty: Crash Course Economics #16 What is globalization? Is globalization a good thing or not. Well, I have an answer that may not surprise you: It's complicated. Free trade and globalization tend to provide an overall benefit, and raises average incomes across the globe. The downside is that it isn't good for every individual in the system. In some countries, manufacturing jobs move to places where labor costs are lower. And some countries that receive the influx of jobs aren't prepared to deal with it, from a regulatory standpoint.
After watching the video above answer these five questions. 1. The top priority of the Millennium Development Goals, a United Nations project, was to promote gender equality. (0:39) 2. The U.N. definition of “extreme poverty” means living on less than $1.25 per day. (1:11) 3. The U.N. wanted to see half as many people living in extreme poverty by 2015, and they more-or-less met this goal. (1:27) 4. One serious threat to improvements in global poverty cited in the episode is the looming risk of world war.(1:39) 5. The greatest impact on extreme poverty in the last two decades has come from improvements to education in the developing world. (2:20) |
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AuthorMr. Holcey is a veteran teacher in the Savannah area. With over 20 years of teaching experience in subjects ranging from law to physical science. Archives
January 2023
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