One argument in the debate surrounding globalization is about the inequality between developed and developing nations. Explain how reduced barriers to trade and investment might help reduce this inequality.

The answer is stated below

Step-by-step explanation

The world is becoming globalised and more trade barriers are pull down to welcome the new opportunities. Not only services and goods are being exchanged but the capital and labor are being exchanged and as per the leading economists all are benefitted from the free market.

Individual countries with strength able to produce specific items but with the globalization, a country not require to make everything through its own and focus on what could import other products from the other countries.

Suppose the developed countries that has skilled labours could focus on the medicines while the unskilled labours in the developing countries could grow tea and through this both the countries could be benefitted as the developed country could order tea and developing countries have the medicine.

Reduction in barriers to trade as well as investment allows the international companies in order to explore the markets and provide the people employment of the country. This helps in boosting the economy GDP as well as overall development. They also offer education to unskilled labours, job training to be skilled enough to work, so that the inequality in the wealth distribution can be less. Barrier decreased to trade states less government struggle to open a company, so that the company could easily do the business in foreign company and could also distribute to the country.

Inequality states that the rich becomes more richer and the poor becomes more poorer, in order to avoid the money to be taken from the rich and given to poor.

The globalization helps in the procedure as the developing countries could sell their products globally as well as gain the profit. If the low barriers to trade and investment it could flourish. And this would help not so skilled labours, not to confined into the market space and explore.