Globalization Has Produced Uneven Results Across Nations and People

question 13

True/False

Globalization has produced uneven results across nations and people.

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Definitions:

Washington Consensus

represents a set of neoliberal economic policies that emphasize fiscal discipline, deregulation, trade liberalization, and privatization.

Tariffs

Taxes imposed by a government on imported or exported goods to regulate trade, protect domestic industries, or generate revenue.

Privatization

The process of transferring ownership or operation of a business, enterprise, agency, or public service from the public sector (government) to private individuals or organizations.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, resulting in the interconnectedness of global economies, cultures, and populations.