Question

multiple select question
select all that apply
how can global trade improve standards of living in developing countries? more than one answer may be correct.
reduction in jobs outsourcing
an end to child labor
increased information sharing
job creation

Explanation:

• Reduction in jobs outsourcing: This is incorrect; global trade often increases outsourcing to developing countries, creating local jobs.
• An end to child labor: Global trade can drive better labor standards, but it does not directly end child labor on its own.
• Increased information sharing: Global trade connects developing countries to global markets, facilitating knowledge, technology, and information flow, which boosts productivity and living standards.
• Job creation: Global trade opens export markets for developing countries, expanding local industries and creating formal, income-generating jobs that raise living standards.

Answer:

• Increased information sharing
• Job creation