1. Global Economy and the Positive-Sum Game
To give an example, the GDP of countries in East Asia and the Pacific has – as reported by the World Bank -- increased significantly since they started to pursue outward-oriented developing strategies, while at the same time, poverty has been reduced.4 With regard to these findings, one might argue that trade is indeed a "positive-sum" game as it furthers economic growth of the countries involved. ... Hence, it does only consider the positive effects of global economy on an aggregate level, leaving out possible individual disadvantages. While the World Bank presents figures t...
- Word Count: 1318
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate