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Are technology and globalization destined to drive up inequality?

Are technology and globalization destined to drive up inequality?

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Answer #1

Not really.

If used correctly and at the right time, Technology and Globalization can help the poor get richer and the inequality gap reduces.

Since technology and globalization are opportunities to grow and develop and catch up with the ever growing world and competition, if the poor get in the industry at the right time and make use of technology and globalization, they can get out of the poverty trap and drive down inequality.

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