Consider the following statements regarding globalization and its impact on developing nations:
- Statement I: Globalization primarily benefits developing nations by ensuring equal access to global markets and reducing poverty.
- Statement II: Developing nations face significant challenges under globalization due to economic dependency, trade imbalances, and limited access to advanced technology.
Which of the above statements is/are correct?
1
Only Statement I
2
Only Statement II
3
Both Statement I and II
4
Neither Statement I nor II
5
Question Not Attempted