Economics · Global Economy and Development
In international welfare economics, what is considered the fundamental element required to construct a more equitable and just global economic system?
- 1Fostering predatory and unrestricted corporate competition across nations
- 2Isolating trade systems to block interaction among developing nations
- 3Skewing maximum financial advantages exclusively toward highly developed nations
- 4Addressing and balancing the basic development needs and desires of all human beings globally✓
Correct answer
Addressing and balancing the basic development needs and desires of all human beings globally
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