Globalization and Poverty

Globalization and Poverty

How Globalization is Increasing Poverty

Globalization has opened new doors to world's economy, transforming the factors that were important in determining economic conditions of countries. Whether globalization is increasing or decreasing poverty has become one of the most widely debated topics in world's economy. Based on the critics, globalization deepens and leads to poverty. It is caused by a number of correlated factors. Firstly, without wealth, an individual cannot get a lot out of economic integration. The poor possessing scant amount of money are unable to invest in an integrated international market. Secondly, because of unequal development, globalization ...