Question

What is a positive effect of globalization for developing countries?

Select one:

a.The volume and volatility of capital flows decreases the risk of banking and currency crises.

b.Businesses can become part of international production networks and supply chains.

c.Income inequalities are leveled.

d.Protectionist policies are gradually removed.

Answer 1

The positive effect of globalization for developing countries is that businesses can become part of international production networks and supply chains.

Step-by-step explanation:

The positive effect of globalization for developing countries is that businesses can become part of international production networks and supply chains. This allows these countries to tap into larger markets, attract foreign direct investment, and improve their economic development. Through globalization, developing countries have the opportunity to expand their industries, create more jobs, and increase their exports, leading to economic growth and prosperity.