Nobody downloaded yet

Globalization Impacts On The Poor And Inequality - Essay Example

Comments (0) Cite this document
Summary
An essay "Globalization Impacts On The Poor And Inequality" discusses that to reduce poverty, countries should also develop their export and incoming foreign investments. Such policies allow maintaining employment and wage levels even at times of economic difficulty. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93% of users find it useful
Globalization Impacts On The Poor And Inequality
Read TextPreview

Extract of sample "Globalization Impacts On The Poor And Inequality"

Download file to see previous pages Financial integration should be accompanied with the pursuit of macroeconomic stabilization policies. Both traditional and modern trade theories suggest that gains from the free trade will not be distributed equally within economies. The World Bank studies several ways in which globalization affects inequality within and across countries. A very important factor in the distribution of income is the initial income of the country. The empirical literature reveals that free trade contributes only to 20% of the world inequality, being less important than such factors as technological innovations or demographic changes. The economists use the term globalization to refer to international integration in the capital, commodity, and labor markets. The crucial economic features of the two most recent periods of globalization (1950-73 and 1974-2007) involve increased integration in trade, international capital flows and movement of labor. However, as we can see in table 1 (WTO,2008), there are differences in the importance of these factors in each period. During the entire 1950-2007 period, the trade expanded by 6.2 percent. In the first decades after World War II (WWII), due to the reconstruction of the country economies, the most dynamic traders were the Western European countries and Japan.From 1974 to 2000, newly industrialized Asian economies (NIEs) were the main beneficiaries of globalization, with their merchandise exports comprising raising from 2.4 percent to 9.7 percent within only two decades.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Globalization Impacts On The Poor And Inequality Essay”, n.d.)
Globalization Impacts On The Poor And Inequality Essay. Retrieved from https://studentshare.org/miscellaneous/1559654-critically-discuss-how-globalization-impacts-on-the-poor-and-inequality
(Globalization Impacts On The Poor And Inequality Essay)
Globalization Impacts On The Poor And Inequality Essay. https://studentshare.org/miscellaneous/1559654-critically-discuss-how-globalization-impacts-on-the-poor-and-inequality.
“Globalization Impacts On The Poor And Inequality Essay”, n.d. https://studentshare.org/miscellaneous/1559654-critically-discuss-how-globalization-impacts-on-the-poor-and-inequality.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Globalization Impacts On The Poor And Inequality

Globalization and the World's poor

...worldwide. This piece of research paper presents a brief analysis on various theories of globalization and explains its impacts on world’s poor. Conceptual Framework and forces of Globalization Globalization is the process of social, political, cultural, economic and technological integration between countries. From the economic point of view, globalization refers to the increasing interdependence between national economies, business enterprises and markets. The term globalization refers to the intensification of world-wide social and economic relations that link distant countries or regions in a way that local...
5 Pages(1250 words)Term Paper

Negative Impacts of Globalization

...?The negative impacts of globalization Introduction The world has grown as a global village over the centuries, resulting in increased integration ofthe different cultures. Advanced technology has removed the intercultural differences. Businessmen in one country study and explore the culture of a different country in order to be able to better interact with the businessmen in that country by respecting their cultural norms and values. Globalization has added dimensions to all kinds of fields which people avail to intermingle with one another in a better way. Although globalization is generally talked about in a positive manner and the positive...
8 Pages(2000 words)Assignment

Globalization & the World's Poor

...? Globalization & the World’s Poor Introduction The promoters of economic development take globalization as the blessing to the society. However critics argue although there are benefits from the process of globalization in the form of diffusion of new knowledge it cannot be ignored that globalization have adverse effects as well. The assignment will discuss about globalization and the overall impacts it sheds on the poor society of the world. Globalization The term globalization can be interpreted as the international integration of world views, ideas and other cultural...
6 Pages(1500 words)Essay

Globalization and Inequality

...Globalization and inequality After the Second World War many countries especially under colonial powers began to form their own centralized bureaucracies especially in most parts of what we call the Third World, nationalism under colonial education was wrought and with it intellectuals began to realize that they needed to form countries where they were their own masters and especially the natural resources of their countries benefited their own people and not foreign masters who utilized it for their own. One of the more stark realizations of globalization is that many of the countries termed within the sphere of the Third World belonged to those who were colonized...
4 Pages(1000 words)Essay

Globalization and Social inequality

... inequalities but not creating them. Because, we believe that the inequalities have exploded due to globalization if we examine Branko Milanovic’ statement, cconomist at the World Bank, in The Economic Journal: "The richest 1 percent of people in the world receive as much as the bottom 57 percent, or in other words, less than 50 million richest people receive as much as 2.7 billion poor."5 That is also why, we will focus on the possible answers to social inequalities offered by the globalization. II. How can we connect globalization to social inequality? In the growing globalized world, we can see one factor which can strike us by its unity. We can consider several countries but it will remain unchanged. As Susan Strange states... ...
10 Pages(2500 words)Essay

Is Globalization good for the poor people

...IS GLOBALIZATION GOOD FOR THE POOR? THE CASE OF ESTONIA All of us are aware of the Iron Curtain that has existed throughout most part of the 20th Century. A centrally planned soviet economy meant that many of the general population were poor. Estonia, a former soviet republic was a closed economy where foreign trade was severely restricted. As such, due to the lack of an open trade policy, Estonia was one among several erstwhile nations to suffer from economic downturn upon the collapse of the Soviet machinery. However, the turn of the new century has helped the country turn a new leaf and has seen it emerge with a high rate og GDP Growth until 2007, thereby prompting it to be known as...
2 Pages(500 words)Essay

GLOBALIZATION POVERTY AND INEQUALITY

...’, WIDER Discussion Paper No. 89, UNU/WIDER: This research paper gives a very detailed insight into the effects of globalisation into the inequality factor, and examines in all possible manner whether convergence is really to be blamed for the rising inequality trend. Clark, J, 2003. Globalization and the poor: exploitation or equalizer? New York: IDEA: This book in general takes an anti-globalisation stand, and so is important when one is studying the views that speak against the neo-liberals. Kaplinsky, R, 2005. Globalization, poverty and inequality: between a rock and a hard place. Cambridge: Polity: This book links the globalisation...
36 Pages(9000 words)Essay

Globalization and Inequality in Developing Nations

...Raneem Abuaziz John Kirby English 102- 7D8 July 27, Globalization and Inequality in Developing Nations Globalization became famous in the world in the nineties with the end of the cold war period and the end of the Soviet Union. A new global trend began where the frontiers of the state shifted their views to the market economy that relied in private capital and resources. This came with a new process of a change in thinking brought about by studies and influences of institutions such as the World Bank and other international organizations. As such, these organizations established in many of the developing nations to tap the resources and invest in private capital....
3 Pages(750 words)Annotated Bibliography

Globalization and Inequality in Developing Nations

...in countries developing countries for instance China meaning some countries grow while others remain the same. Of more importance is the fact that in many developing nations, inequality has been growing over years and one aspect that has brought about the inequality is globalization. As Yusuf portrays, the impact of globalization has affected different aspects in developing nations including labor markets, inflation rates, external trade imbalances and prevailing business cycle spillovers. Of importance, is the paper’s discussion, on the inequality that has developed over time, majorly influencing the distribution of income within...
7 Pages(1750 words)Research Paper

Globalization Influences Poverty And Income Inequality

...Globalization influences poverty and income inequality Introduction Globalization has elevated powerful discussions between pessimists and optimists. Moreover, coming up with a good definition globalization has proved to be a challenge. Nevertheless, beyond expectations, fears, and definitions, when one-fifth of the population worldwide lives with below a dollar a day, the query raised is whether globalization makes the globe we live, in a better place to stay or does it make the poor poorer and the rich richer. This query needs an answer and is appropriate. There are those against and for globalization debates, with...
10 Pages(2500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Globalization Impacts On The Poor And Inequality for FREE!

Contact Us