Globalization And Poverty Essay

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Globalization has been defined as the speeding up and intensification of economic communication between people, companies and governments of different nations. It has helped raise the standard of living for some and driven deeper into poverty for many other citizenry creations wide. Globalization has possibly affected the humanity negatively in three main ways: poverty increase, culture and health effects. Wealthy countries are able to sell their goods and services to the global markets. While the poor third world countries and businesses are forced to their local market only. A huge source of income to advance in technology is owned by the NBA, which has also driven the poor into poverty forcing them to pay the rich countries and making it harder than what they think. In the article “Effect of globalization on poverty” Ghimire (2006) writes that the wealthy countries control most world renowned businesses and services on the internet. Giving to the success of the global marketplace it benefits some poor worldwide, has also stopped projects and the rise of third world...

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