Which one of the following types of countries has benefited most from globalisation?

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Rich countries

Developed countries

Developing countries

All of the above

answer is C.

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Detailed Solution

Developing countries have benefited most from globalisation.
Globalisation has benefited mostly developing countries with the integration between different countries through foreign trade and foreign investments by multinational companies (MNCs). This led to the complete transformation of developing markets like India. The earlier phase of globalisation involved exporting raw materials from colonial countries like India and importing finished products from industrially developed European countries and the USA. But, in the late 20th century, globalisation changed this outlook substantially, and the MNCs started to overtake the markets as they spread their economic activities to various parts of the world. Foreign investments enabled developing countries to expand their industries and tertiary sectors.

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