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Impact of globalization
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Globalization impacts world economies in more positive ways than not. It opens doors for entrepreneurs and for people with the drive to create a better lives for themselves whether in their own countries or in a different one. On a local level, globalization creates jobs, stability and freedom for people to start their own businesses and get a better education, thus increasing capitalism and growth for the economy. In Poverty, Inc. there was a representation of what poverty stricken communities need to succeed: legal protection from theft and violence, justice in the courts, legal title to one’s land, freedom to start a business, and links to a wider circle of exchange. Without globalization and the expansion of international trade and manufacturing,
Globalization helps many people achieve greatness. But for the majority it brings hardships and struggle. People will be plagued by the effects of globalization and will have a tough time over coming it. We are far from reaching a point where we can say we have sustainable prosperity throughout our world. But before we focus in on sustaining prosperity, we must first reach prosperity and bring it to all corners or the earth.
Peter Singer, in his influential essay “Famine, Affluence and Poverty”, argues that affluent people have the moral obligation to contribute to charity in order to save the poor from suffering; any spending on luxuries would be unjustified as long as it can be used to improve other’s lives. In developing his argument, Singer involves one crucial premise known as the Principle of Sacrifice—“If it is in our power to prevent something bad from happening, without thereby sacrificing anything of comparable moral importance, we ought, morally, to do it” . To show that such principle has the property to be held universal, Singer refers to a scenario in which a person witnesses a drowning child. Most people, by common sense, hold that the witness has the moral duty to rescue the child despite some potential costs. Since letting people die in poverty is no different from watching a child drowning without offering any help, Singer goes on and concludes that affluent people have the moral duty to keep donating to the poor until an increment of money makes no further contribution.
Globalization is a series of social, economical, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation. (Harris 5-23) The main cause of globalization is influence from other, more developed, countries. Globalization is a historical process that results from human innovation and technological progress. The social effects of globalization are clearly illustrated in Peru. Once a third-world country filled with poverty and oppression, Peru is now transitioning into a developed nation. In Peru, globalization has raised the human development index, empowered women, and created a stronger country. (Leon 90-91)
One specific issue that has been associated with globalization that caught my eye was with Peru. Peru used to be a third-world country that was populated with poverty and repression. Today, Peru is now changing into a rising nation and is becoming more popular. Peru is now on the rise is because globalization raised the human development index, authorized women, and shaped a stronger country and government. Today, we consider The Human Development Index to be a dimension of a country’s social, political, and economical growth in contrast to other countries around the world. In 1975, Peru’s Human Development Index was a 0.643, but by 2003 the Human Development Index had increased to 0.762. By seeing the HDI increase by more than one tenth shows that globalization has been a positive impact towards Peru. Within those 28 years, the poverty rate in Peru dropped about six percent and had a two percent increase in the adult literacy rate. In 1975, women were expected to have about six children each, but in 2003, women were expected to have at least three kids. Even though the number of chi...
Globalization has had drastic effects on the developing world. From colonialism, to the search for natural resources, the slave trade, all the way to modern day global trade and communication, globalism has effected everyone. For developed nations such as the United States, Britain, and other western countries, globalization has been positive. The benefits of outsourcing labor and less environmental regulations has increased the economic prosperity of these countries as a whole, disproportionately to the upper class. The developing world has not received these same benefits and the small landlocked country of Malawi is no different.
On the other hand, opponents question if the benefits of globalization compensate the created downsides. In their opinion, globalization has manifested unemployment, poverty and marginalization. Additionally, it has been one of the key drivers ...
The documentary titled Poverty Inc really exposed the audience to a new perspective on poverty-related issues in third world countries. Poverty Inc explained a narrative about the positives and negatives that “outsiders” coming in could do to a community. Many natives explained their satisfaction and displeasure of such individuals swooping in to save the day. In this documentary, there were many lessons to be learned about community assets mapping, direct action, and organizing. Poverty Inc shined on the of the most important things that individuals could learn about in impoverished countries; we should never pretend that we know what is best in a community that we enter.
Causes and Solutions of World Poverty Poverty is prevalent throughout the world around us. We watch television and see famous people begging us to sponsor a child for only ten dollars a month. We think in our own minds that ten dollars is only pocket change, but to those children and their families, that ten dollars is a large portion of their annual income. We see images of starving children in far away countries, and our hearts go out to them. But we really do not know the implications of poverty, why it exists, or even what we can do to help combat this giant problem in our world.
Improvements in communication, information, transportation and trading technology have chained nations together into interconnected and interdependent communities through the process of globalization. These days, governments and international organizations have increasingly focused their attention on the impact of globalization on poverty. Many economists have argued that globalization has helped advance the wellbeing of the poor and that the positive relationship formed between globalization and poverty through trades and Foreign Direct Investment will lead to growth and development in nations. The assumption is that globalization, through international trade and investment flows, will lead to a speedy economic growth, better living standards, more innovations, advance technologies and new opportunities, thus increasing the chances of eradicating poverty.
“Like slavery and apartheid, poverty is not natural. It is man-made and it can be overcome and eradicated by the actions of human beings.” – Nelson Mandela When you hear the term poverty, what comes to mind? Often people picture the heart-breaking images of innocent children in third world countries overwhelmed with struggle desperate to survive. However, we no longer need to travel thousands of miles to experience poverty first hand.
Although many Americans contend that their standard of living has gone down because of globalization, the flip side to this is that hundreds of thousands of people around the world now have jobs, have started their own businesses, and can provide comfort for their families. Living in the U.S., we take things like clean water, shelter and plentiful food for granted. Our standard of living is so high compared to many nations that when we can no longer buy frivolous luxuries, we claim that we are poor. Perhaps a better phrase than wealth equality is “standard of living.” Globalization does several things nobody can deny: it creates jobs, it improves infrastructure and it allows more people to live at a higher global level every day with access to medicine, clean water, food production, and housing. “In the 1960s, non-globalized economies grew at an annual rate of 1.4% while globalized economies grew at 4.7%. Another relationship between globalization and GDP was seen in the 1990s when developing countries had 5.0% annual growth compared to only 2.2% annual growth in economies that had been globalized for longer” _______. This correlation between globalization and annual growth demonstrates benefits to international trade, economic development, and standards of living. Globalization has been blamed for robbing workers of their jobs. Some employment trends in developing and emerging countries appear in parallel as jobs lost in some sectors in OECD (Organization for Economic Cooperation and Development) countries often appear as jobs gained in other
Globalization is a term that is difficult to define, as it covers many broad topics in the global arena. However, it can typically be attributed to the advancement of economic, social, and cultural interactions among the companies, citizens, organizations, and governments of nations; globalization also focuses on the interactions and integration of countries (The Levin Institute 2012). Many in the Western world promote globalization as a positive concept that allows growth and participation in a global community. Conversely, the negative aspects rarely receive the same level of attention. Globalization appears to be advantageous for the privileged few, but the benefits are unevenly distributed. For example, the three richest people in the world possess assets that exceed the Gross National Product of all of the least developed countries and their 600 million citizens combined (Shawki and D’Amato 2000). Although globalization can provide positive results to some, it can also be a high price to pay for others. Furthermore, for all of those who profit or advance from the actions related to globalization, there are countless others who endure severe adverse effects.
Indeed without globalization, the benefits of development finance could not have been possible. Globalization has many other consequences, side effects, by-products, and implications, which some authors (see Bhagwati 2004; Stiglitz 2003; Sodhi 2011; Bishop et al. 2011Bishop et.al. 2011) have discussed. These include aspects relating to, but not limited to economic globalization, as well as to the environment and concern for the degradation of the environment, the issues of exploitation, poverty, social and demographic inequalities, and inequalities in income distribution, all of which, they believe globalization has directly and indirectly led to. Some of the issues attributed to globalization are actually not consequences, from the point of view of cause and effect, but are more by-products of the way globalization has progressed in all its dimensions, (i.e. economic, cultural, interaction among individuals and groups of individual in different countries). The proliferation of organizations in the civil society, especially non-governmental organizations, is one of these by-products. Their intervention in the economies of developing countries is another by-product of globalization. The role which these organizations play in situations around the globe and more so in
Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.
Nowadays, as people know that poverty refers to one of the biggest issues in the world so far. Many countries around the world still suffer from it and have difficult times to get rid of it. The phenomenon of poverty, an important phenomenon hard to identify and it destroys some countries in certain aspects and this issue can cause other problems for all economic and political aspects. I think that, there are many major reasons that put the world in this a bad situation. The first and most important reason that put some countries in poverty is the political instability. Political instability is one of the factors associated with poverty. In most of the countries in the world, there is a political instability. Political instability that leads