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Essay / Research Paper Abstract
This 3 page paper discusses the statement that “we live in a world where poverty and inequality are increasing and increasing globalization has not benefited the poor countries”. The paper examines both sides of the argument using relevant data to support the arguments, before coming to a conclusion. The bibliography cites 5 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEglobpov.rtf
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Unformatted sample text from the term paper:
is an important flaw, when looking at a trading relationship, it is always the most powerful trading partner that will gain the most advantageous deals. Where a developed and a
developing nation undertake trade, invariably is the developed nation that has most power. The general perception is of powerful nations stripping the resources of the poorer nations, utilizing cheap
labour and giving little back. It is often cited, anecdotally, that even when poor nations are becoming richer, that the gap between them and the developing nations is still widening
as the benefits and advantages of globalisation are not being shared equally among those taking part. However, poverty and inequality are not always the same thing, whilst they may be
associated, where poverty is being reduced, it needs to be remembered that this is a subjective judgement, whilst inequality is an easier judgment and is not eliminated with heaver cash
flows entering a country. Poverty is officially measured by the World Bank as those who live on $1 a day, or less. The
initial aim was for the numbers of individual living at this level would be reduced by 15% by the year 2015. Indian economist and former member of staff for the
Wold Bank; Surjit S. Bhalla, claims that this target has already been reached (Clifford, 2003). The same economist also claims that inequality has reached the lowest in the last half
century (Clifford, 2003). There are many cases cited to demonstrate the positive effects of globalization, such as faster growing economies due to global integration, with poverty reduction being seen in
India, China, Vietnam and Bangladesh according to a World Bank Policy Research Report (WBPRP, 2002). The same report estimates that during the 1990s there was a reduction of 120 million
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