Question

Questions to answer for the following article: "Why the Global 1% and the Asian Middle Class Have Gained the Most from Globalization"

1. How Asian middle class have gained from the globalization? 2. How China may impact the middle-class incomes in the rich countries?

Answer 1

Asian middle class has gained from globalization through increased trade, economic growth, job opportunities, and access to information and technology.

China's impact on middle-class incomes in rich countries is complex. While offshoring has affected some industries negatively, export opportunities and demand for goods in the Chinese market have benefited certain sectors.