University Essay: Globalization's Impact on Poverty and Inequality

This essay critically examines the multifaceted effects of globalization on poverty and inequality, focusing on the economic, social, and financial aspects. The essay begins by defining globalization and its potential benefits for global economic development, followed by an analysis of the current issues and challenges. It explores the arguments for and against the idea that globalization exacerbates poverty, considering factors such as economic growth, income gaps, and the impact on developing countries and worker interests. The role of international institutes and organizations is also analyzed. Furthermore, the essay delves into the complexities of financial integration, the importance of complementary policies, and the implications of globalization on various sectors. The conclusion summarizes the arguments presented, acknowledging the complex interplay of globalization, poverty, and inequality and the need for balanced policies to address global challenges.

Globalization has exacerbated poverty
rather than Alleviating it
NAME OF THE STUDENT
NAME OF THE UNIVERSITY
AUTHOR NOTE :

Table of Content
 Introduction
 Globalization
 Current issues in globalization
 Unparalleled growth and increase in equality
 Developing countries
 Globalization increases poverty
 How poorest country catch up more quickly
 Globalization can harm worker interest
 Role of institutes and organization
 Heterogeneity with respect to generalization
 True in some of the expanding sector
 Poor in previous protected sector lose
 Financial Integration
 Complementary policies
 Conclusion

Introduction
 Globalization is focusing on both integrations
of both economies and various societies in
the world.
 It will help in mitigation to some easier
transport and communication all over the
world

Globalization
 Globalization is known to be emotive force.
 It is a method which can provide benefit to
world economic development which is
irreversible and inevitable in nature.
 Globalization tends to offer certain number of
benefits for development on large scale.

Current issues in globalization
 Top organization makes use of
globalization
 Manufacture low cost products in
various factories
 Unpaid worker
 Child labor
 Poor working condition in various
organization

Unparalleled growth and increase in equality
 Globalization is not considered to be a recent
phenomenon.
 The era of 20th century have encountered
economic growth which is the result of increasing
GDP.
 At present both commerce and financial service
are very much developed at the given time.

Developing countries
 Globalization emphasize on the fact that both
financial market and world trade are becoming
very much integrated.
 There are mainly four aspect of globalization
that is trade, capital movement, movement of
people and lastly knowledge spreading

Globalization increases poverty
 In the 20th century global capital
income increased a lot
 Globalization tends to vary a lot in
some of the organization
 The fact should be taken into
consideration that it increases the
income gap between rich and poor
organization.

How poorest country catch up more quickly
 Growth in living standard can easily take place due to
accumulation of huge capital and along with human
capital.
 Experience of various countries can easily created a
place the importance of creating condition for long
term capital growth comes into action.

Globalization can harm worker interest
 Anxiety about the globalization can
be there in some of the advanced
economics.
 Economics are focusing on to
develop and globalization can be
considered to be as one of key
factor.
 Various factors like economic
growth, employment and living
standard are considered to be vital
factor.

Role of institutes and organization
 There are certain number of efforts to
increase the stability of capital flow .
 Both the international and international
institutes can be easily influenced due
to difference in the given culture.
 One of the biggest role in account can
be the role of accounting

Heterogeneity with respect to generalization
 In Mexico both corn farmers and small corn
farmers can lose
 In India traffic reduction is associated with
slow rate of poverty
 Only true with regions which come up with
labor laws
 No impact on the reduction of poverty