To What Extent Will Globalization Help The Poor? Globalization And Its Effects On Poverty

1616 words - 6 pages

After the break-up of the Soviet Union, globalization accelerated through the world. It includes the increasing integration of countries' individual economies, the rise in the world trade and multinational companies and the effect of large sums of money moving in and out of economies. People around the globe are more connected to each other then ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. This phenomenon has been titled "globalization". It cannot be denied that globalization has had an overwhelming positive influence. Millions of jobs have been opened up through the ever increasing productivity and efficiency of the global economy(MConnell and Brue 93). However, as we see globalization helping many countries' economies, we also see that globalization forces many of the world population who are in poverty to stay there and several poorer countries are being lost in the frenzy of a global economy.Many people, particularly those in third world countries, do not have enough food to eat, resulting in malnutrition and disease. They face growing inflation while their governments, which used to subsidize some aspects of their marginal living, are urged to stop subsidies for food and adopt a more market-oriented economics. Many workers in these economies are trapped in poor working conditions with low pay. Women are often expected to do back-breaking farm and domestic work, with few rights or benefits. John D. Abell describes in his article the economic conditions of "poor rural Guatemalans" (619). A local coffee grower would receive less that one percent of the profits from their labors and three-quarters of the population are in poverty. Many of the fiscal policies pushed onto developing countries and adopted in northern countries exacerbate the problem of the most marginal while celebrating the wealth of the rich. Those such as the coffee farmers in Guatemala have no other choice, but to take the prices they receive for their crops in order to barely survive and support their family (Abell 623).In the rich countries as well, minorities and the poor often find themselves being left farther and farther behind. Even as states in the U.S. and the nation as a whole report budget surpluses, we seem unable or unwilling to provide adequate housing for the growing number of working-class and homeless families, to repair the physical structure of schools that house low-income students of color, or to provide social services or medical attention for those most in need. Within the United States the growing gap between the rich and the poor is becoming more and more apparent.Sweatshops that employ poor people working as virtual slave laborers are tolerated, even encouraged, as part of the new world trade (Anderson 627). Many children grow up with no innocent...

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