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Does everyone in the world benefit from globalisation?

It’s debatable. There is ample evidence that shows how economic globalisation has benefited less economically developed countries (LEDCs). However, there is just as much evidence telling us that globalisation predominantly benefits more economically developed countries (MEDCs) and, by extension, their citizens.

For instance, UN Development Program reports note that the wealthiest 20% of people consume 86% of the world’s resources. Meanwhile, the poorest 80% of people consume the remaining 14% of resources. This suggests that while globalisation may offer benefits to all nations, those benefits are not distributed equally.

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