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The Prospective Advantages of Neoliberal Globalization - Statistics Project Example

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The paper describes the statistics released by the World Bank’s Development Research Group that prove that 22 per cent of the developing world’s inhabitants lived on 1.25 USD or less per day during the year 2008, down from 43 per cent during the year 1990 and 52 per cent during the year 1981…
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The Prospective Advantages of Neoliberal Globalization
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Download file to see previous pages Neoliberal viewpoints maintain that there is a director as well as the positive link between globalization and poverty; that is, globalization is decreasing the general amount of poor people and/or nations. Simultaneously, there is an increasing acknowledgement that globalization does not develop consistently, regardless of its largely positive effects for global progress. In accordance with this perception, those nations, which quickly incorporate into the global financial system develop more rapidly and can reduce poverty (Lo, 2011, p. 112). For instance, outward-focused or export-reliant economic policies changed East Asia into a few of the world’s most active as well as more affluent financial systems during the last couple of years. On the contrary, where nations followed inward-focused economic policies, for instance, import replacement industrialization, their financial systems became stagnated or declined, as proved by Latin America and Africa during the 1970s and the 1980s. Overall, the process of neoliberal globalization, as financial incorporation and inter-reliance, can decrease and resolve the issues of poverty, within and among countries. By the support of free trade that maintains premium development, neoliberal globalization as well holds the guarantee of a better standard of living for everyone around the globe. In this sense, financial prospects within the third world would be improved by the removal of trade obstructions, which, as a result, greatly reduces poverty. These constraints on economic liberty are maintained by rich- and poor-nation governments in a similar way. ...Download file to see next pagesRead More
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