The most recent period of globalization increased he global GDP at the same time it did what else?

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2026-04-21 20:15

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The most recent period of globalization increased global GDP while also exacerbating income inequality both within and between countries. It facilitated the movement of goods, services, and capital across borders, leading to economic growth; however, it often disproportionately benefited wealthier nations and individuals, leaving marginalized communities and developing countries at a disadvantage. Additionally, globalization contributed to environmental challenges due to increased production and consumption patterns.

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