Does Globalization cause poverty?

Question

please explain this to me?

Answer 1

Where?
What globalization does is to find the optimal solution for each situation. If grapes are made cheaper in Chile than in the US, then buy grapes from Chile. The net global result should be positive, due to optimization. however, try to explain that to grape growers in the US.

Answer 2

Does Globalization Cause Poverty

Answer 3

Globalization has the capacity to create lower standards of living for the advanced countries of the world, while causing the living standards of some people in less developed countries to improve.

At the heart of globalism is capitalism whose only interests is increased profits. Globalism is a tool whereby the largest, unrestrained capitalists can move jobs, factories and industries around the world in search of the cheapest production environments. The exploitation of countries which can offer low paid labor, few working benefits, no health care, no pension, very little government regulation and no concern for the environment is the primary concern of the capitalists.

As this process continues, wages are driven lower so that profits can be increased. It is a vicious circle which can ultimately end in poorer paid workers in many of the advanced countries. It is a sad time for America!

Answer 4

I would definitely say that it's minorly involved with each other. But I'm sure globalization does not CAUSE poverty. Poverty may be because of lack of jobs, or weather crisis, or even because the people just don't try that hard working

Answer 5

No, it creates markets, which in turn create more consumers which in turn expands the economy . No one can fully explain poverty and why some live in it and others do well. But globalization isnt the reason.

Answer 6

The overall economic effect from a macro perspective is positive. There are winners and losers in a changing economy however. For example, traditional manufacturing jobs in the U.S. have declined, leading to layoffs and individual hardship. Other U.S. businesses have seen a boom with the ability to sell products/services to other countries, leading to more hiring and individual wealth. You can apply the same concepts to other countries.

Answer 7

Yes, in the US. It's taking a lot of work out of this country hence moving money out of the country.