Economic globalization

“The economic globalization will bring about greater benefit for developed countries than for developing ones as the former countries enjoy comparative advantages in technology and managerial skills over the latter ones”

In the context of rapidly growing and far-reaching globalization, it is true that developed countries are in a better position to reap much more benefits than the developing ones do.

One of the assertions in favour of the above statement is that the developed countries get their upper hand over ...