The concept of globalization has indeed provided a golden opportunity among

the countries to participate in trading and business in an international

scale as a source to increase their country's economic growth which
particularly enhances their living standards and quality of life, that are
steadily on the rise for the industrial countries and emerging economies.
However, despite its benefits it can provide, there is a striking impact to
the other countries as well, in a sense that some underdeveloped countries
such as Ethiopia and some African countries, have been far left behind from
the charts where it can be seen from a statistical study conducted by Tavares
and Lang (2018), an IMF working paper, entitled "The Distribution of Gains
from Globalization", it revealed the stagnant growth rate and economic
regression of the poor countries due to the uneven income distribution
globally as an effect of globalization, thus resulting to the countries to
have wider gap from their GDP per capita gains between the underdeveloped and
developed ones. This growing income inequality provided a risk towards the
global economy and must not be neglected as this greatly can affect those
countries domestically. Thus, it is essential to develop policy reformations
for countries who have not been or have been benefited less from the impacts
of globalization, as a way of protective measures against the possible
declining growth rates of their country and ensuring to spread the benefits
of globalization more extensively around the world. Among the reformations
that can be proposed are the following: