The rich have the advantage because they are already in the capital market and therefore global trade allows them to further increase their businesses. The poor however don’t receive more benefit than the rich, which they would need in order to be equal to the rich. They do however benefit because trade doesn’t hurt their income and often times it allows for more jobs. The benefits they receive however will never be comparable to the benefits of the rich. “The globalization of markets for goods and services has tended to benefit the relatively rich more, and so has tended to increase income inequality” (Haas, Hird 57). The wealthy are able to use their increased economic success to gain more political power and influence over the poor, growing
The rich have the advantage because they are already in the capital market and therefore global trade allows them to further increase their businesses. The poor however don’t receive more benefit than the rich, which they would need in order to be equal to the rich. They do however benefit because trade doesn’t hurt their income and often times it allows for more jobs. The benefits they receive however will never be comparable to the benefits of the rich. “The globalization of markets for goods and services has tended to benefit the relatively rich more, and so has tended to increase income inequality” (Haas, Hird 57). The wealthy are able to use their increased economic success to gain more political power and influence over the poor, growing