Globalization has led to a decrease in global income inequality, not a reduction. Thus, the correct option is D.
First, there is evidence to suggest that globalization reduces inequality. Second, the wealthy will experience substantial income growth, which will increase the incomes of the lowest. Third, renouncing trade and technology is the only solution to the problem of rising inequality.
The spread of the flow of financial products, goods, technology, information, and jobs across national borders and cultural boundaries is referred to as globalization.
These beliefs are debunked by the recently published World Inequality Report, the first research study to in-depth analyze changes in wealth and income inequality across rich and developing countries over the past 40 years.
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