The Link Between Globalization and Poverty

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The Link Between Globalization and Poverty

The word globalization gets tossed in conversation with out even slipping our minds what it is. But what is it? Globalization is the concept of companies sending jobs overseas to those who will work for less. Globalization is the ability to go to McDonald’s in China and eat a Big Mac that tastes as if you ate it on your homeland. Globalization allows you go on Facebook to communicate with your exchange partner in Germany in a matter of seconds. However, globalization can be defined even broader that includes multiple influences. The most suitable definition would be that globalization is the collapse of barriers between countries allowing labor, goods, and services to be freely exchanged. One aspect that seems to be controversial is the how globalization has affected the wealth of others. For instance, outsourcing has led to a vast majority of job for citizens in less developed countries giving the ability to slowly crawl out of poverty. But yet there are still other countries that watch their poverty rate skyrocket. I will take controversial looks on globalization, where it enhances a country’s economy and visa versa to develop an answer.

Johan Norberg argues that outsourcing is a great way to provide jobs to the people in thirds world countries as stated in, “The Noble Feat of Nike.” Norberg looks at the American jobs that have been outsourced to Vietnam to see how it has influenced the lives of people living in less developed countries. The citizens in his article work at one the most wealthiest shoe producers today, Nike. The number of workers employed for Nike has quadrupled since it has moved overseas. This large expansion has endorsed an increase production, but what happens t...

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... can be furious knowing the product is so cheap because the workers are paying for it with their low-income wages. The way in which someone decides is based on his or her morals, cultural views, how they measure globalization, and through what aspect of globalization they are touched by.

Works Cited

Bardhan, P. (2004). The Impact of Globalization on the Poor. Climate Change, Trade,

and Competiveness, 271-284.

Black, S. (2001). Life and Debt. Web.

Hill, R., & Rapp, J. (2009). Globalization and poverty: Oxymoron or new

possibilities?. Journal of Business Ethics, 85, 39-47.

Juhasz, A. (2002). The Globalization of Poverty. Sentient Times: Alternatives For

Personal & Community Transformation, 10(2), 9.

Norberg, J. (2014). The Noble Feat of Nike. The New World Reader, 187-190.

Nye, J. (2014). Fear not Globalization. The New World Reader. 204-206.

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