Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Provide a constructive response to the following paragraph and rate it 1-10. I will compare Indonesia and our neighboring country, Malaysia, in terms of poverty

Provide a constructive response to the following paragraph and rate it 1-10. I will compare Indonesia and our neighboring country, Malaysia, in terms of poverty and inequality. Reports show that Indonesia's poverty rate was 9.36% in 2023, while Malaysia's was 6.2% (World Bank, n.d.; World Bank, 2023). Role of Globalization in Decreasing Poverty in Indonesia and Malaysia According to a report by Barichello et al. (2021), globalization has played a significant role in reducing poverty in both countries by creating job opportunities and increasing incomes. In Indonesia, economic growth driven by globalization has lifted many Indonesians out of poverty, especially in urban areas where job opportunities have expanded (Ghifari, 2023). Similarly, Khalid and Li (2021) reveal that Malaysia's export-oriented manufacturing sector has played a significant role in uplifting the rural population by providing them with opportunities to work in higher-paying jobs. With the rise of the manufacturing sector, rural educated workers have been able to transition from low-skilled jobs to high-income jobs, which has helped reduce poverty rates and contributed to the overall economic growth. Rural regions in Malaysia are now thriving with new businesses and opportunities, thanks to the positive impact of the manufacturing sector. Role of Globalization in Increasing Inequality in Indonesia and Malaysia Although poverty rates have decreased due to globalization, income inequality remains a signifi

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Macroeconomics

Authors: N Gregory Mankiw

8th Edition

1305971507, 9781305971509

More Books

Students also viewed these Economics questions