Effect of Globalization on Poverty: A Critical Analysis

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Introduction
Globalization is focusing on both integrations of both economies and various societies in
the world. It generally ranges from various kind of problem-related to trade and services,
movement of capital, poverty of world population (Briske et al., 2015). It will help in mitigation
to some easier transport and communication all over the world. It can be defined as a complex
method which can easily affect the lives along with increasing economic dependency. The whole
method of globalization can easily affect by various factors like political, economic, natural and
legal factors (Babaci-Wilhite & Geo-JaJa, 2018). Globalization plays a key role in development
all over the globe, which is one of the main goals behind the reduction of poverty (Meagher,
2016). Poverty in many cases can be easily explained as the scarcity or a situation on where
person can easily lack material or money. It can be easily defined as a community or person
which is needed for enjoying the minimum standard of life (Dabla-Norris et al., 2015).
Discussion
According to Schmukler and Abraham, (2017), there is a large number of debates on both
the topic that is globalization and poverty. By analyzing the whole method of globalization as it
is an important factor for growth. There is various type of claim which is needed for the
development of community on the value on which the progression can be easily made. Different
researchers are claiming the fact that overall poverty is on decline while others are claiming the
fact that the poverty is on rise.
As per Leichenko & Silva, (2014), in the last few years, there has been an increase in the
rise of trade and capital flow, increasing the numbers of the multinational cooperation. The
increase in culture have not silenced there are a large number of public debate over the
advantages of globalization. The fact should be noted that the debate tends to create an
increasing claim which is of unreasonable degree between policies and various kind of trend in
poverty. Globalization part which tends to claim various kind of African issues due to any kind
of lack of openness along with any kind of government intervention. The fact should be taken
into consideration that globalization has made the living condition has degraded for both the
poor. The government service has cut back and improved the stability.

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Giddens, (2018) states that proponents can easily advocate that the overall poverty is on
decline. It has taken place due to power of globalization which is needed for importance in
globalization which is main component for the battle against poverty. Globalization can be easily
stated as one controversial process. Various policy maker and economist considered
globalization as the key component for bringing prosperity to large number of people located on
worldwide platform. While taking into account the effect of globalization on the world poverty,
there has been argument which is totally in the favor for energy growth. Various research
suggests that there should be proper linkage between globalization and development of attribute.
It is considered to be an important aspect of globalization like liberation which will helpful in
liberalization. This will ultimately lead to faster integration and growth. It can be easily analyzed
that the growth can easily take place due to globalization which tends to create a positive effect
on the world poverty. The policies of liberation of various policies are mainly responsible for
various kinds of improvement of world poverty by growth. Globalization can easily effect on the
various kind of growth and has played a key role in lifting large number of people outside the
poverty in last the few years.
Alvarez, Barney and Newman, (2015) defines globalization as the spread of knowledge,
division of labor in better way, increasing the overall productivity and lastly focusing indirect
investment. It is a vital drive which is considered to be important for growth and has created
some vital growth in the human welfare in the last few years. There are many reasons behind the
growth in globalization like openness of various international trade and development of various
financial market. It tends to have little systematic outcome which is all about share of income
based on lower quintile. It has been observed that stabilization can easily take place from both
high inflation and reducing the overall size of the government bodies. It has been observed that
globalization has reduced the poverty to a large extent. It has provided certain number of policies
which can be used for reducing the poverty to a large extent. It can easily provide certain number
of benefits which can be used for harnessing benefit.
According to Cohn, (2016), a major region of the world has experienced a huge amount
of growth and improvement in the living standard. In some of the aspect, it can be easily
observed that globalization as a method by which power is generally concentrated in away from
some poor section of the society. In some of the aspect, it can be seen that various firms are