The Link Between Globalization and Poverty Essay

Globalization has, for better or worse, altered the economic arena for every country in the world. For many less developed countries, globalization has leveled the playing field so that their economies can compete with the larger, more developed ones such as the United States and other large western economies. For instance, technical engineers in India and China are now just as qualified as engineers in America, but at half the cost. The once large and prosperous service sector in the United States as well as telemarketing services have largely been sourced to India as a large exodus of American multinational corporations find cheaper workers who deliver comparable quality. This then seems to be the essence of globalization - businesses

Globalization is the process by which regional economies, societies, and cultures have become integrated through a global network by transportation, communication, and trade. Through a global lens the process of globalization seems to be vital to the development of the modern world. As a result of globalization there has been a dramatic transition in every aspect of life around the world, more specifically in areas such as trade, immigration, and human development. International trade bolsters sales, lowers the cost of production and consumption, and extends the market reach of any corporation. This is beneficial to America in that consumers are able to buy more goods and services at lower costs and therefore the gross domestic product

Globalization is the process of integration arising from the interchange among people, ideas, and culture. Globalization shows that international trade between other countries has impacted the way the U.S is now. Most of the products we use today is made in other countries such as China, Indonesia, and South Korea. As beneficial it may sound to have products made cheap in other countries and sold in the United States at a much higher price. This is also known to have a problem to the factory workers.

Narrowly defined, globalization refers to the breakdown of barriers to Foreign Trade and investment, especially through such vehicles as the General Agreement on Tariffs and Trade, the World Trade Organization, the European Union, and the North American Free Trade Agreement. More generally, globalization involves the worldwide flow of capital, ideas, and information made possible through the rise of modern technology and the mass media, including the

Within developing countries, it’s estimated that over 250 million children aged 5-14 are forced to work in sweatshop working conditions (Gaille, 2017). Sweatshops are working environments that are characterized by three major negative flaws: long hours, low pay, and most importantly, unsafe or unhealthy working conditions. Additionally, sweatshops have strict policies in place that restrict workers’ rights, such as limitations on conversation between employees and shortened break times that are usually enforced through violence. According to Gaille (2017), the Department of Labor indicates that 50% of garment factories in the U.S. violate two or more basic labor laws, establishing themselves as sweatshops. This type of labor condition is not limited to the United States, as many Multinational Companies (MNCs) have globalized their supply chain to take advantage of lower labor costs abroad. The existence of sweatshop working conditions has received increased attention from the media, as well as the United States government, with specific emphasis on the apparel industry. Companies such as Nike, Apple, and recently, Forever 21, have come under fire from consumers when the press revealed poor working conditions present in their suppliers’ warehouses overseas. The Apparel Industry Partnership, Fair Labor Association (FLA), and Social Accountability International Advisory Board (SAI) were efforts created by governments in order to mitigate the negative effects of MCN globalizing and utilizing sweatshop type labor. Companies interested in globalization are increasingly pressured to to extend their quality control to not only their company, but also the companies that they do business with, in order to remain strong in the public eye. That being said, research has been done to understand the positive impact of sweatshops on developing country populations. Studies have shown that sweatshops, although looked down upon in developed countries, are the best option for individuals in developing nations. Although poor working conditions are present, it’s been shown that sweatshops help to increase gender equality and unemployment rates. As unfavorable press has surrounded companies that source from low-quality

Globalization is difficult to simply define due to the variety of changing definitions that have been established over previous decades. Hamilton and Webster (2012) suggest that globalization is the connection between nations, defining globalization as a process in which barriers are reduced in order to encourage exchanges between countries. This view proposes that globalization refers very much so to the trade barriers and the improved communications between countries in order to ensure the world is unified. Globalization increases economic activity across the world and opens up markets for foreign investment.

Globalization is taking place across the world where people can either become globalization or stay local in the state or country. People are very controversial about globalization helping local economies and local businesses. Some people believe globalization is helping local businesses into the markets and then there are some that believe that multinational corporations hurting the local small businesses. What is globalization? “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” (). Globalization has started long before we were born.

Frequently, people are unclear of exactly what Globalization means. Globalization is the tendency of the world's economies to act as a single interdependent economy. It can be described as the increased movement of people, knowledge, ideas, goods and money across national borders to make the world more unified in a sense. Globalization is often thought of in economic terms but as we know there are other components with this idea like, economics, and cultures. There is a huge debate of whether or not globalization is positive or negative.

What can two dollars buy you? A small coffee at Starbucks, a candy bar, bag of chips, and a soda, a slice of pizza. For nearly three billion people, approximately half of the world’s population, two dollars a day is all the money that the person has to live on. Moreover, of the 2.8 billion children in the world, 1 billion grow up in poverty; 640 million without adequate shelter, 400 millions with no access to safe water, and 270 million with no access to health services (UNICEF 2014). One proposed reason for this harsh reality of high poverty rates is globalization - the growing integration of economies and societies around the world. The claim that globalization generates poverty has been the focus of many debates for the last twenty

"Nearly 1/2 of the world’s population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day" ("11 Facts About Global Poverty"). This number, sadly, is steadily increasing, and poverty has become a massive problem all around the world. Women, children, and men live in situations unmistakably horrid; with no clean water, no education, and little to no food. They live in these conditions for a great majority of their lives, with seemingly nothing to help them. Poverty is a world wide problem that effects people all over the world as they live in malnourished communities full of disease, and incapable of getting the proper privileges of education such as learning to

Globalization can best be defined as the shrinking of our world. As technology advances the gaps between Countries is closed, and our society as a whole becomes more integrated. Globalization is something that has been occurring for thousands of years, with one early example of Globalization being the use of the Silk Road, which connected China and Europe during the Middle Ages. Globalization can offer businesses many was to increase business, while at the same time threatening them (Globalization101.org, 2014).

Poverty in Developing and Less Developed Countries The world includes less developed countries and developing countries. Less developed countries are countries considered to be poor and often contain many people who are in absolute poverty. Developing countries are countries like India, which are gaining in wealth. There are two types of poverty within the world.

Globalization is the process regarding an increasing interaction of people, states, or countries through the growth of the international flow of money, ideas, and culture. It can also be tied to business ventures where businesses or other organizations develop international influence or start operating on an international scale. The idea of globalization has become very controversial in the United States labor market. There are many pros and cons on how it affects the labor markets. Along with the labor market controversy people also debate over whether globalization is a threat or opportunity to the United States economy. Although Globalization has brought a significantly positive impact on most countries in terms of economy, culture, and politics, it also has left some drawbacks behind on the same aspects.

Economic globalization is the key factor in what divides countries based on wealth and poverty. Good economic globalization within a country will lead it to have a healthy interdependence which will lead citizens of that country to a happier life. Whereas a country that does not have a good economic globalization is made a easy target for companies to take advantage of for things such as cheap labor. To say that it is a wealthy countries duty to give wealth to the less fortunate countries, is not an accurate statement due to the fact countries that are in poverty are usually in that situation for an accompanying reason. There is also a lot of issues that would arise from such. So therefore a country that has wealth should be more than able to keep their own wealth.

Globalization is a process of increasing integration and the result of economic, cultural and political interdependence among countries. Globalization has been a controversial debate, since this phenomenon has affected the world in several ways. Consequently, there are plenty of economic, cultural and political arguments in favor of and against it. Some arguments in favor of globalization are that it promotes democracy, creates jobs (by dividing labor around the world), promotes knowledge and an interconnected world, and makes the world “borderless.” On the other hand, others argue that