One Aspect of Globalization Is Uneven Development

question 62

Essay

One aspect of globalization is uneven development. Explain what this means and how it affects the world. Provide an example.

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Definitions:

Official Duty

Responsibilities or tasks that are part of a public official's or an officer's role within their professional capacity.

Enforceable

A characteristic of a contract or legal agreement that makes it legally valid and capable of being executed or enforced in a court of law.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Corporations

Legal entities that are separate and distinct from their owners, who are shareholders, and have rights to enter into contracts, own assets, and be liable for debts.