Which of the below statements does NOT reflect the ideas of Trade and Globalization. In short, with which of the below statements, in one form or the other, DOES NOT match the ideas expressed? Group of answer choices Trade is a zero-sum game. If trade is good for the industrially advanced countries in western Europe and the U.S. it must be bad for the poorer countries in the world. In the late 1970s a major profit-seeking Korean textile producertrying to avoid quotas imposed by Europe and the U.S. upon South Korea, contracted out the production of shirts to a Bangladeshi garment producer. To ensure that the shirts produced would be of global quality the Korean company trained the Bangladeshi workers -thus creating human capital. In recent years, though Bangladesh is still one of the poorer countries in the world, it has also emerged as one of the world's leading garment producers. Cheap exports were the path to prosperity for many Asian economies such as Japan, Singapore, Hongkong (now a part of China), Taiwan, South Korea, and more recently, China. Trade paves the way for poor countries to get richer. Export industries often pay higher wages than elsewhere in the economy.
Which of the below statements does NOT reflect the ideas of Trade and Globalization. In short, with which of the below statements, in one form or the other, DOES NOT match the ideas expressed?
Group of answer choices
Trade is a zero-sum game. If trade is good for the industrially advanced countries in western Europe and the U.S. it must be bad for the poorer countries in the world.
In the late 1970s a major profit-seeking Korean textile producertrying to avoid quotas imposed by Europe and the U.S. upon South Korea, contracted out the production of shirts to a Bangladeshi garment producer. To ensure that the shirts produced would be of global quality the Korean company trained the Bangladeshi workers -thus creating human capital. In recent years, though Bangladesh is still one of the poorer countries in the world, it has also emerged as one of the world's leading garment producers.
Cheap exports were the path to prosperity for many Asian economies such as Japan, Singapore, Hongkong (now a part of China), Taiwan, South Korea, and more recently, China.
Trade paves the way for poor countries to get richer. Export industries often pay higher wages than elsewhere in the economy.
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