Fighting Poverty in the Era of Globalization

The video discusses the challenges of wealth distribution in the context of globalization, highlighting issues like capital flight and the need for global cooperation in taxation. It emphasizes the importance of education and skill development as solutions to economic disparities, drawing examples from Northern European countries. The discussion also touches on the necessity of sustainable economic policies and investments in technology to ensure balanced growth.

What is one of the main challenges in redistributing wealth in a globalized economy?

• High levels of domestic investment

• Over-reliance on technology

• Excessive local production

• Lack of global cooperation

Why is global cooperation necessary in addressing tax evasion?

• To promote international trade

• To prevent capital flight to tax havens

• To increase local employment

• To reduce the cost of education

What is a significant barrier to higher education for poorer students, according to the discussion?

• Insufficient number of universities

• High levels of student debt

• Limited access to online courses

• Lack of interest in higher education

What is a key factor for countries with high average incomes?

• Investing in science and technology

• Reducing international trade

• Increasing agricultural output

• Focusing solely on manufacturing

What economic approach has been criticized for not delivering expected results over the past 40 years?

• Trickle-down economics

• Protectionist policies

• Keynesian economics

• Monetary tightening