PLEASE WRITE A CRITICAL COMMENT TO THIS ESSAY IN ABOUT 150 WORDS. tHANK YOU!
Before talking about economic globalization and its impact on poverty, it seems vital to define the concept. Globalization is a worldwide and universal process of global integration of the countries in all areas that evolve a society (Economic, political, technological and socio-cultural); That is why it is cataloged as universal, because it covers all aspects of the life of a human being in a society. In this way it is to be understood that this phenomenon has extensively modified the way in which a country develops in all its fields and the effect on the individuals that comprise it. Given the above it is feasible to understand why economic globalization could affect poverty in a negative way. Although this phenomenon has many advantages that open up new horizons for both developed and developing countries, there is a counterpart of disadvantages that denotes an increase in inequality and therefore in poverty.
Despite the impressive advances in the scientific and technological field, its benefits are for a small part of the population resident in the most developed countries, while another part of humanity survives in conditions of poverty and misery. Developed countries with great potentials and economic reach are imposed on those developing countries with smaller economies. This creates a great economic imbalance that contributes in part to the increase in unemployment in developed countries because multinational companies open offices in developing countries, where labor and raw materials are cheaper. Likewise, in both developed and developing countries, economic inequality among citizens is visible, since large companies have greater benefits and financial capacity than those of smaller size and power. The increase in the social inequality of a country generates even greater poverty because it limits the access and use of various educational, technological and economic resources in many social groups in poverty.
The differences between the rates of extreme poverty are related to the rates of economic growth, with this it is clear that globalization is reshaping social stratification in nations. The data from the Globalization's Effects on The Global Poor video indicates that globalization has generated effects of social stratification inequalities at a global level, generating a reduction in income for the general population and increasing the wealth of the countries' elite class. Given the above, it could be said that the economic globalization seen towards the future has advantages and disadvantages that will affect the way in which society perceives its effects. Thus, for some, the best effect may be the increase in living standards in developing countries. And for others, even for developed countries, there is an increase in economic inequality, poverty and unemployment.
In the light of above article following are certain advantages and disadvantages of Globalization:
Advantages:
Disadvantages:
In nut shell, we can conclude that there is no denying fact that globalization has increased standard of living and prosperity but at the same time it has resulted in inequality in distribution of income and led to increase in poverty , unemployment and diseases. It has created a gap between developing and developed nations.
PLEASE WRITE A CRITICAL COMMENT TO THIS ESSAY IN ABOUT 150 WORDS. tHANK YOU! Before talking...
responses to this topic must be of at least 150 words. Globalization and trade impact: China China has a thriving economic state china has seemed to be the mecca of industrial products .China has benefited from globalization substantially. China main focus economically comes from manufacturing .China has a trade deficit because other countries such as the U.S have domestic companies make the production of their facilities abroad in china so china has to import hose products and them have them...
According to the article on Ecological Unequal Exchange (Case of France), what does the concept of Ecologically Unequal Exchange imply? Poor countries exact a greater environmental toll Rich countries have the technology to minimize environmental damage Rich countries exact the most environmental damage but the damage accrues disproportionately in developing countries environmental damage though significant in the early 20th century is declining the damage to plant ecology far exceeds the damage to animal ecology According to the article on Ecological...
Please help me answer theses practice questions
QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...
please help with a detailed, fully explained answer
for Question 2. thank you
Read the case study below and answer the questions. SHORT RUN STABILIZATION AND LONG RUN COMPETITIVENESS: THE LAVITAN CASE Growth of a young country Latvia - a small, young country on the east coast of the Baltic Sea -has recently earned the title of a "tiger". After gaining its independence from the Soviet Union in 1991, the country embarked upon a challenging road of transitioning from a...
Read the case study and answer the questions in the end. Towards a diversified knowledge economy ECONOMIC DVERSIFICATION DRIVES GROWTH IN THE UAE UAE expects higher non oil growth in 2018 due to diversified economy 3.5 70 TOP COUNTRY Source www.putees.co sF KY ScroRs 100 MLLION 25 240 5 200 30 Diversification is important to promote economic development, to create job opportunities for a rapidly growing local workforce, but also to reduce or spread the risk of a high economic...
Please, i need Unique answer, Use your own words (don't copy and paste). Please, don't use handwriting, Use your keyboard. I need you to redrafting my answer, please.. Q1. How does UPS's approach toward sustainability impact the triple bottom line? Be specific. As a founding member of UPS’s sustainability steering committee have wrestled with the challenge and developed a point of view, one that emphasizes the power of organizational momentum and embraces “enlightened self-interested the companies have a responsibility to contribute...
Hi can you help me make a summary about this short article and
how it affects me economically as US citizen?
U.S. Carbon Emissions Surged in 2018 Even as Coal Plants
Closed
Passenger planes at the Phoenix airport in July. Greenhouse gas
emissions from airplanes and trucking increased sharply in
2018.CreditAngus Mordant/Bloomberg
Image
Passenger planes at the Phoenix airport in July. Greenhouse gas
emissions from airplanes and trucking increased sharply in
2018.CreditCreditAngus Mordant/Bloomberg
By Brad
Plumer
Jan. 8, 2019
479...
what discuss can you make about medicalization and chronic
disease and illness?
Adult Lealth Nursing Ethics mie B. Butts OBJECTIVES After reading this chapter, the reader should be able to do the following: 1. Explore the concept of medicalization as it relates to the societal shift away from physician predominance of the 1970s. 2. Differentiate among the following terms: compliance, noncompliance, adherence, nonadherence, and concordance. 3. Examine cultural views with regard to self-determination, decision making, and American healthcare professionals' values...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
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SPECIAL ARTICLES tole of Monetary Policy C Rangarajan What should be the objectives of monetary policy? Does the objective of price stability conflict with the goal of achieving...
Compensation sessionABC International: Solving the Rural BarrierSource: Thunderbird School of Global Management, A unit of the Arizona State University Knowledge Enterprise. 2015. This case was prepared by Erin Bell under the guidance and supervision of Dr. Amanda Bullough, and revised and updated by Drew Helm for the purpose of classroom discussion only, and not to indicate either effective or ineffective managementSiham sat with her family and childhood friend, Leila, in their rural village of Qabatiya, Palestine. Leila had recently returned from...