The main advantages of globalisation can include such factors that will eventually lead to a reduction in world poverty may include the increase of jobs around the world, the increase of investment and also the increase of trade in contact with different economies in developed and undeveloped countries. Jobs may increase around the world through large multinational investing in different economies causing the expansion of businesses in developed countries. This means that as the firms expand they will need more employees and by employing locals it will mean that the companies will cause the regional and national economies to strengthen and thus decrease poverty in the region. Investment will cause poverty to decrease because it will mean that businesses will invest in foreign corporations by investing capital into them. By thus it will mean that the foreign corporations will expand and grow and by thus it will cause the local economy to strengthen as it will mean that more people will b able to get jobs and start working and it will cause unemployment to decrease. A clear example of this occurring is in South Africa where upon European firms invested in the local corporations and by thus it has caused the country to increase in wealth and increase economic stability. Trade has caused countries to increase in relationships with each other and has caused violence upon countries to decrease. But it has also caused the poverty of the regions to decrease, this is because of the trade of goods and services has meant that economies have strengthened and has caused regional and national poverty levels to decrease. This is due to the increase in world aid and also due to the spreading of food production and consumption around the world, which will cause starvation and poverty to decrease. Another important aspect when arguing weather globalisation can reduce poverty is the decrease in trade barriers that has occurred due to the world leading to become a free market. The introduction of the European Union has lead to Unions emerging all over the globe this has meant that free trade has been introduced thus causing poverty to decline. This is because as trade becomes easier demand for products will increase in countries where such products are not available. An example of this is being able to grow bananas in Britain which is impossible due to uncontrollable climate changes so thus the people living in Britain that want to eat bananas will cause demand to increase. As this demand has to be met regions where bananas grow rapidly will increase in business and unemployment will decrease. As demand has increased the West Indies, where bananas grow richly will benefit as they can trade there bananas for money that will benefit their economies and cause poverty in the area to decrease.
In order for the argument to be balanced the negative aspects must be taken into account in order to conclude weather in the future globalisation will reduce world poverty. The following factors argue for why globalisation will not reduce poverty and instead in some aspects increase poverty. Several factors including the fact that the cause for the increasing gap between the rich and poor around the world is due to the fact that globalisation only seems to help the rich and not the poor. This can be argued because globalisation only means that a large percentage of foreign firms will invest in developing countries with large amounts of poverty. This will mean although locals will be employed to do jobs in the region it will mean that most of the profits will benefit the firm who will send most of its retained profit back to its developed country. Thus the developed country that is rich will benefit more rather than the developing country causing poverty levels to be unchanged. Thus the gap between rich and poor countries increase thus causing poverty in part to increase due to globalisation. Globalisation causes child labour to occur in countries such as India and Nepal and products are produced children and get less than 1% of the final profit when the product is sold in economically developed countries. Thus as globalisation causes child labour to increase it will mean they will receive no education and low pay and eventually cause poverty to increase. Another important disadvantage that globalisation brings upon poverty to increase rather than to decrease is the increase in technology. Although this can be argued as a very influential factor to the success of our global economies as it will mean that jobs can be done more efficiently and production will increase it will also mean that unemployment for increase due to the advancement of technology. As machines take over jobs all around the world especially in developed countries as developing countries are unable to afford advanced technology in their economies it will mean that unemployment will increase. As unemployment increases it will mean that the economies of developed countries will suffer greatly and will cause people without jobs to become poor and cause poverty to increase greatly. This will be all due to the cause of globalisation thus meaning that globalisation in fact may increase poverty rather than decreasing it.
GLOBALISATION STATISTICS
Asia
Number of people who died of hunger on 11 September 2001: 24,000
Number of children killed by diarrhoea on 11 September 2001: 6,020
Number of children killed by measles on 11 September2001: 2,700
Number of malnourished children in developing countries: 149 million
Number of people without access to safe drinking water: 1,100 million
Number of people without access to adequate sanitation: 2,400 million
Number of people living on less than one dollar a day: 1,200 million
Number of African children under 15 living with HIV: 1.1 million
Number of children without access to basic education: 100 million
Number of illiterate adults: 875 million
Number of women who die each year in pregnancy and childbirth: 515,000
Annual average number of people killed by drought and famine 1972-96: 73,606
Annual average number of children killed in conflict, 1990-2000: 200,000
Annual average number of children made homeless by conflict, 1990-2000: 1.2 million
Global poverty rates since 1990
The above statistics all have in common the fact that all of them are related to the question about poverty and weather globalisation will be its cure. The first set of statistics show that on September 11th 2001 globalisation took its toll and large number of people suffered on that day. The graph shows poverty levels in regions around the world, it clearly shows that the poverty levels in Europe and Central Asia have increased. The two charts above (primary data) show what people in America think about globalisation and weather they like it or not and also another graph shows poverty levels around the world.
The graph showing poverty levels around the world is important because it shows that poverty has decreased around the globe and this may be a result of globalisation. This is clearly important for the argument because it shows that not only has poverty decreased around the globe but also it cane be seen that in the future poverty levels will rise. This is important because it shows that globalisation will not cause poverty to reduce in the future but it will cause poverty levels to rise and thus its purpose would be of no use, as it has not achieved its goal.
The survey above is important because it shows that even though if globalisation were to cure poverty it would mean that the world would in some way a communist world. Everyone is just as rich as each other there is no different social or economic classes which will mean that competition amongst everyone would increase. Although the question can be asked weather globalisation will or will not reduce world poverty it must be asked weather people want world poverty to be reduced anyhow?
On the political view if globalisation were to reduce world poverty it would mean that developing countries would have stronger governments and thus causing political dimensions to shift and alter as different countries may emerge as world powers as globalisation may cause this to occur. As this does it may cause consequences such as wars and battles as such thus leading to poverty occurring all over again. But as a political assessment for poverty to be totally reduced in the future by globalisation is not possible as government acts and laws are important in order for poverty to be cured and thus globalisation cannot take full responsibilities for the cure of poverty.
Overall as the evidence above shows that globalisation can reduce world poverty and by the graph above showing poverty decreasing this is obvious. It also must be argued though on the graph it shows poverty will increase showing that globalisation will not work for long as other arresting factor will take there tolls. So overall as the evidence shows that on the graph and also since the disadvantages of globalisation over weigh its advantages it is obvious to argue that globalisation in the future will not fully be able to reduce world poverty. Although world poverty can be reduced it will not be reduced fully and only by globalisation as other factors are crucial in order to cure poverty.
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