Why with globalization the rich become richer and the poor become poorer?
Asked By: B. J. - 10/29/2006
Best Answer - Chosen by Asker
I don't believe your question is in any way true. In fact, I would question where you got that premise. Let me explain why the rich might get richer (though, as you will see, might also get poorer), while the poor get richer. Economic globalization is the unifying of all the economic systems and markets throughout... More
Answered By: jthomas1279 - 10/29/2006
Additional Answers (5)
with increased global competition commodity prices are decreasing. poor countries only have commodities to export therefore they are getting lower prices.
Answered By: Mr Davo Sir - 10/29/2006
UNFORTUNATELY BECAUSE MOST OF THE RICH WHO BECOME RICHER ARE VERY GOOD AT MANIPULATING AND THE POOR HAVEN'T A CLUE OF WHAT HAS HIT THEM.
Answered By: BetteBoop - 10/29/2006
Because the rich are a lot richer than the poor. And the rich are the ones with the education, power, and money (of course) meaning that they can negotiate the best possible deal for themselves. Remember that the entire United States is rich compared to many other countries, it's not just an issue of Bill Gates vs a... More
Answered By: Drolefille - 10/29/2006
Think of a pryamid. Rich at the top, middle class in the middle and the poor at the bottom. The rich supress the other classes to stay on top. Greed keeps them on top and when God asks them why? well, heaven probably won't be to full, now hell will be wall to wall people.
Answered By: karley o - 10/29/2006
Money can go out only if their is globalisation. And money goes were money can earn more.
Answered By: philia - 10/29/2006
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