Question

Do you think technology and globalization drive up income inequality in developing countries or there are other factors to consider? Why or why not? What factors are there(if any)?

Answer 1

No , i think technology and globalization has led towards income equality because of the following reasons :

1) People are getting more work opportunities with advancement in technology

2) People are getting good value for their work due to efficiently globalizing their work and thus making more customers.

3) Globalizing a product is easily achievable because of the internet , everyone could reach out to remote customers . Thus bringing equal opportunities for both small scale and large scale developers.

4) Technological advancement has pushed everyone to keep pace with the current trends , the people who are lagging behind are only the ones who have refused to adapt to new changes.

5) Common people are also generating income via global technology  accessible to everyone through mobile or web-applications . thus providing them with a chance to grow and learn technology and be a part of it.