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Globalisation is the solution to poverty in the developing world. Discuss

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Introduction

Globalisation is the solution to poverty in the developing world. Is poverty really related to globalization? Oppenents of globalization state that globalization spread wealth and has only hurt the poor. I would like to say that globalization is the solution to poverty in developing country. Firstly, many state that inequality between the rich countries and poor countries is rising. Globalization makes the poor countries poorer and rich countries richer. This is a over-simplistic view. However, based on David Dollar and Aart Kraay, since the mid 1980s, there has not been sufficient evidence to say that globalization causes inequality (2002). Nevertheless, now more and more developing countires have begun to conduct household income and consumption surverys of reasonable quality. ...read more.

Middle

Without globalization, China would not make the difference it does today (Samuelson, 2008). Secondly, globalization allows developing contries to export goods and services throughout the world and this contributes deeply to a country's GDP. Third world countries with approximately three billion people have been exposed to the global market of manufacturing and services. Twenty years ago, most exports from developing countries were primarily commodities but now they are predominately providing manufactured goods and services. This successful integration has directly supported poverty reduction. This fact has proved that globalization made a big impact on poor countries and helped in poverty reduction Collier, P, Dollar, D. & World, B. ...read more.

Conclusion

I personally believe that although there is still poverty in the world, one day total globalization would state of poverty in the world. Reference List Collier, P, Dollar, D. & World, B. (2002). Globalization, growth, and poverty : building an inclusive world economy. Washington, DC: World Bank. (available on-line: HYPERLINK "http://www-wds.worldbank.org/external/default/WDSContentServer/IW3P/IB/2002/02/16/000094946_0202020411335/Rendered/PDF/multi0page.pdf" http:/www-wds.worldbank.org/external/default/WDSContentServer/IW3P/IB/2002/02/16/000094946_0202020411335/Rendered/PDF/multi0page.pdf ,accessed 12 August 2011) David, D. & Aart, K. (2002). Spreading the Wealth. 7, 1-7. (available on-line: HYPERLINK "http://faculty.virginia.edu/usdiphis/readings/Dollar%20and%20Kraay,%20Spreading%20the%20Wealth.pdf" http://faculty.virginia.edu/usdiphis/readings/Dollar%20and%20Kraay,%20Spreading%20the%20Wealth.pdf ,accessed 12 August 2011) Ghost,J, (2010). Poverty reduction in China and India: Policy implications of recent trends. Desa Working Paper No. 92. (available on-line: HYPERLINK "http://www.un.org/esa/desa/papers/2010/wp92_2010.pdf" http://www.un.org/esa/desa/papers/2010/wp92_2010.pdf ,accessed 12 August 2011) Samuelson, R. J. (2008). Rx for Global Poverty: Why globalization can enrich everyone. Daily Beast 27 May. (available on-line: HYPERLINK "http://www.thedailybeast.com/newsweek/2008/05/27/rx-for-global-poverty.html" http://www.thedailybeast.com/newsweek/2008/05/27/rx-for-global-poverty.html ,accessed 12 August 2011) ?? ?? ?? ?? ...read more.

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