Globalization Advanced Free Trade, Open Markets, And Competition

1568 Words Nov 18th, 2015 7 Pages
Globalization advanced free trade, open markets, and competition in the world economy. Regrettably, this worldwide amalgamation and growth contributed to the equalities and inequalities between third world nation-states. The growing populace placed an extra demand on the third world nation-states for food, shelter, and clothing. Consequently, Africa, South Asia, and Latin America grew anxious since their populaces are predisposed to diseases, famine, and premature death. In chapter one of Promises Not Kept: Poverty and The Betrayal of Third-World Development John Isbister declared that in the twentieth cen¬tury,
The lives of people in the third world are changing. They are not improving, however, at least for the majority.
In order to understand this imbalance in the third world countries, the author gives five different human experiences of poverty.
The story of today’s third world is told best not in statistics, nor in treatises of social scientists and historians, but in the details of its peo¬ple’s lives.
Lives controlled by Imperialism the practice of a country extending its political power, over conquered territories. The country and the lands it controlled were called an empire with one supreme ruler. Sadly, the conquered territories lacked effective representation and the conquered countries natural raw resources were exploited and their economic growth suppressed. Subsequently, this period in Africa, South Asia, and Latin America’s history contributed…
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