The Global Divide Between the Rich and Poor

2099 Words9 Pages
The Global Divide Between the Rich and Poor

For the last five centuries, there has been a growing split throughout the world; this split has been between the "haves" and the "have-nots". These two groups can be defined two ways. One, between the rich and poor in individual countries and two, between the rich and poor countries themselves. Both definitions have seen increasing polarization over the last 500 years, but the definitive century was the last 100 years. The twentieth century held wealth and fortune beyond the dreams of many, but desperation and famine for many others. Overall, the focus of this paper is the division of wealth by country -- most often referenced by the relations between north and south. What we find is a massive wealth buildup in the north, as the south struggles to grow and develop, with the illusion that they can reach the status of the north, and that the north would let them achieve such status. In the pages that follow, we will find reference to political, demographic, social, environmental, and economic information that highlights some of the information, impressions, and ideals of the situation.

Political

Governments around the world have been following neoliberal economic policies of the north for several years, and in the process, trade barriers disappear, public industries are privatized, and corporations have grown large enough that now (instead of the English Empire) the sun never sets on them. Privatization has created many opportunities for these countries to grow, especially in the last decade. As governments begin to dismantle the industrial holdings created through statist policies, great opportunities arise for MNCs to buy into new marketplaces through privatization. Priv...

... middle of paper ...

...ort, 1999; Overview, "Globalization With a Human Face," p. 4.

From Third World to World Class: The future of Emerging Markets in the Global Economy; Peter Marber, 1998, p. 205-6.

"Think Globally, Act Nationally: the Case for National Economic Sovereignty," Mark Weisbrot.

http://www.globalexchange.org/economy/econ101/economicSovereignty.html

From Third World to World Class: The future of Emerging Markets in the Global Economy; Peter Marber, 1998, p. 88.

From Third World to World Class: The future of Emerging Markets in the Global Economy; Peter Marber, 1998, p. 102.

From Third World to World Class: The future of Emerging Markets in the Global Economy; Peter Marber, 1998, p. 147.

Human Development Report, 1999; Overview, "Globalization With a Human Face," p. 9.

Human Development Report, 1999; Overview, "Globalization With a Human Face," p. 1.
Open Document