Globalization

Does Globalization Cause Poverty?

Does Globalization Cause Poverty?

Introduction

Globalization is referred as the process of international incorporation. It is often observed that, the globalization often occur by the help of exchanging world views, ideas, products and several other features of culture. In simple words, globalization is referred as the process that exchange and enhance the cultural as well as national resources. The main factors of globalization may include advancements in telecommunication and transportation infrastructure. The advancements in telecommunication and telecommunication infrastructure may include the advancement of internet technology. These features may enhance the interchanging of cultural and economic activities (Chossudovsky, 2003, pp. 321-322).

It is often observed that, the process of globalization may greatly affect and affected by the natural environment, socio-cultural resources, economics, work organization and business. It is often said that globalization may greatly affect the economical conditions of the world. This statement is true to some extent. It is because of the reason that the interchanging of ideas and cultures may enhance and increase the trade and business conditions (Teichmann, 2003, pp. 20-22).

The proceeding paper demonstrates the impacts of globalization on the economical conditions of the world. Some people think that, globalization causes poverty. This idea is also discussed in the paper below. The proceeding discussion clearly demonstrates all the features, aspects and impacts of globalization.

Discussion

Globalization is the process of international integration. Globalization is caused by several factors including the movement and migration of people, increased use of sophisticated transportation and communications services and technologies and the international contracts that minimize the cost of doing investments in foreign countries. Globalization may provide greater benefits to the nations and companies. It may greatly benefit the legal systems, values and culture and standards of living (Chossudovsky, 2003, pp. 321-322). Most of the people think that, globalization causes poverty. This idea is further discussed in the paper below.

Most of the people think that, globalization causes poverty. It is often observed that, there are several different opinions and views about this matter. According to one perspective, the process of globalization mat help the countries and world in increasing and enhancing the standards of living (Hamilton, 2009, pp. 15-16). It is because of the reason that, the people who migrate from poor countries to rich countries may help their native countries in improving their economical conditions. They can do it by investing their money in the well developed counties (Ritzer, 2011, pp. 120-123).

This phenomenon ...