Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

How might economic globalization help to reduce poverty and inequalities within and between countries - Essay Example

Comments (0) Cite this document
Through adopting rules that would help to reduce poverty and inequalities between, and within countries, it would be assumed that economic globalization had created prosperity. The reduction of…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
How might economic globalization help to reduce poverty and inequalities within and between countries
Read TextPreview

Extract of sample "How might economic globalization help to reduce poverty and inequalities within and between countries"

Download file to see previous pages Indeed, it is globalization in terms of trade and the actions of multilateral organizations, which create variations among different states.
Globally, there is economic disparity among different countries, which is dependent on the level of development (Bertucci and Alberti 1). In addition, each country has rules governing trade and foreign direct investments, which also differ from one country to another. Notably, the stringent nature of the rules determines the level of interaction between the country and others (Bertucci and Alberti 1). Therefore could create room and freedom for investment, or drive the potential investors away. In essence, the restructuring the rules in favor of trade and FDI, could enable them to contribute more directly and positively to reductions in poverty and inequality worldwide. Furthermore, the rules should also favor the host country, where such trade and FDIs take place.
There are significant contributions that the investments and trade have in reducing poverty and equality. For example, trade opens opportunities for prospective entrepreneurs to exploit the local resources for export (Bertucci and Alberti 2). Through increase in exports, the country gets enough foreign exchange that could help it address its balance of payment.
Considering foreign direct investments, the host country benefit from increase in job opportunities for its young graduates, taxes and duties they collect from the industries. Moreover, the country would reap from improvement in infrastructure such as road networks, communication and administration systems, among others (Wade 7). Wade also claimed that, if indeed, globalization was responsible for increasing inequality and poverty between, and within countries; it would significantly reduce global demands and subsequently economic growth (Wade 16). The scenario would create ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“How might economic globalization help to reduce poverty and Essay”, n.d.)
Retrieved from
(How Might Economic Globalization Help to Reduce Poverty and Essay)
“How Might Economic Globalization Help to Reduce Poverty and Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF How might economic globalization help to reduce poverty and inequalities within and between countries

How can globalisation processes help alleviate poverty

...?How Will Globalisation Processes Alleviate Poverty? Globalisation processes alleviates poverty by making more jobs available to parts of the globe where jobs are scarce. People are said to be in poverty when they are deprived of income and other resources needed to obtain the conditions of life – the diets, material goods, amenities, standards and services – that could enable them to play the roles, meet their obligations and participate in the relationships and customs of their society (Townsend, 2006). Globalisation processes expands trade between countries and with this expansion additional jobs becomes available to the poverty stricken population. Globalisation is the result of the WTO and GATT agreements that calls... institutionalized...
8 Pages(2000 words)Essay

What are the likely implications of further growth in economic inequalities within countries

...?Running Head: Synoptic Essay Synoptic Essay [Institute’s Economic Inequalities Income inequality is of basic interest not justfor economists, but also for other social scientists. A significant literature in economics has looked into the implications growth in economic inequalities. Economic inequality controls these phenomena via numerous channels. Hypothetical consideration within economic inequality has an extensive record. The idea of impartial distribution can be dated back to conventional economists and left-wing hypothetical experts such as Karl...
9 Pages(2250 words)Essay

Globalization. Globalization In Economic

...and services are available at competitive prices. Additionally, globalization leads to the availability of diverse goods and services. The consumers can access goods at cheaper prices and get the value for their money. Companies are able to achieve lower costs due the reduced production costs owing to the availability of cheap raw materials in the global market. The world has become a global village thanks to the advancement of technology. As a matter of fact, people across borders are able to communicate with each other through technology in a manner that they would have if they were in the same country. Different countries are able to...
5 Pages(1250 words)Research Paper

Does globalisation aggrevate or reduce inequalities between nations

...Does globalisation aggrevate or reduce inequalities between nations Use Australia as one of your case studies. The last few decades have seen a swift increase in international trade and capital flows between countries across the world and the term used most commonly to refer to this phenomenon is globalisation. However this is essentially an econmic defintion of the word. A more accurate and indeed wholesome picture has been presented by Hoogvelt (1997). He defines globalisation as a term for an "intensifying networks of cross border interaction in all areas of human activity: social, political, cultural, financial and economic''. This is undeniably most relevant in the current state of the world where any economic change cannot... is one of...
7 Pages(1750 words)Essay

Cando processes of globalization help alleviate poverty

...of the world" (George& Wilding, 2002). Opponents of globalization see it "as of benefit to the upper groups in society, to the multinational companies and the affluent world; and as detrimental to the satisfaction of public needs," and as a "force for the perpetuation and accentuation of inequalities within and between groups of countries for the benefit of multinationals and the upper classes. Its constant emphasis on increased competitiveness involves a race to the bottom". Factors Leading To Globalization A number of factors have led to the process called "globalization." As large corporations began diversifying...
10 Pages(2500 words)Essay

Globalization and health Inequalities

...terms. Research shows that current trade liberalisation policies have led to increase in poverty and health inequality, which is said to have undermined principles of traditional values, with a large negative effect on the poorest people. The World Bank report on global economic outlook (2000) stated that the number of people living on less than $2 per day has risen by almost 50% since 1980 to 2.8 billion, which is estimated to be almost half the World's population. The report further shows that this number will continue to increase if income levels between the rich and poor are not taken into account; In a similar vein, (Collins, 2003) explain...
11 Pages(2750 words)Essay

Inequalities within families their causes

...What inequalities exist within families and what causes those inequalities? Disintegration of the joint family system has led to smaller or nucleusfamilies. A family today would mean a married couple with their children and at best the parents. To consider the inequalities we would look into both the joint families and the nucleus families. Various forms of inequality exist in every family despite profound changes in the society. People have different intellectual level, different abilities, talent, the potential to acquire skills, the education background and level, the care and affection, the health conditions, the income level and most importantly...
2 Pages(500 words)Essay

Gender inequalities within the NHS

...Gender inequalities within the NHS The National Health Service (NHS) in England is a form of healthcareorganization that is run on public funds and all health care needs are usually financed by the organization. This organization operates independently and is accountable only to its own government. They treat all residents equally and the financial aspects of the patient’s treatment and the cost involved are taken up by the administration without involving the patient at any step. Foreign nationals residing in the UK also are provided the same services by the NHS. Its services include primary care, long term health care, in-patient care, ophthalmology and dental services. Since its inception in 1948,...
4 Pages(1000 words)Essay

Global Socio-Economic Inequalities

...States and other countries around the world. This helps the reader understand the relative effectiveness of American social policy. In Life at the Top is Longer, Scott starts by describing how people of different social status experience heart attacks. It shows how in society people get different healthcare depending on their status. In Health, Income and Inequality, Mulahy, Robert and Wolfe describe how inequality might affect health and vice versa. It also describes as to whether economic inequality predicts the size of health disparities between...
1 Pages(250 words)Assignment

Relationship between class inequalities and inheritance of poverty the community level may result in an emigration, closure of retail stores, a drop in the collected taxes, and the deterioration of schools. The latter action may lead to poor training of workers and inability of firms within the area to utilize cutting-edge technology and finally, poverty sets in. Such a cycle may also happen at an individual level, which argues that poverty results from a disruption of the balance of factors in the cycle. Proposition: Class Inequalities in Education Is the Primary Cause of Poverty Literature Review Most of the arguments that link poverty to inequalities in education...
6 Pages(1500 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 How might economic globalization help to reduce poverty and inequalities within and between countries for FREE!

Contact Us