The Rich Get Richer – By Meagan Chan’s Blog

According to the article, it mentions that the top earners in Canada have more than doubled compared to their past three decades. From this situation, the article illustrates on how beneficial the wealthy would be from Canada’s economic growth and productivity gains.

In reference to the article, globalization in the short-run is damaging Canada’s economy by  only letting a minority of the population to succeed. This in result would drop Canada’s working capital as well as the economic profit for the country’s future continuation.  Another disadvantage from the short run of globalization is that this may lead to population dissatisfaction. As it is too competitive for the people to succeed, rather than to live in Canada, they would try and leave. This in effect could damage Canada’s total revenue as there would not be enough people to cover all the costs Canada spent on.

Surely in the long run, globalization may push not only Canada but the whole world to become an innovative society. However, it will be very hard in the short run to push the nation to be successful in the long run.

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