Wednesday, January 21, 2009

Globalization is promoting poverty

Globalization has helped many developing countries:

John L. Manzella argues that globalization has helped developing countries reach a economic improvement during the last decade, besides that he claims that the poorest countries that do not "participate" in globalization are the one who do not have an economic growth. Overmore, he supports the fact that globalization helps" a poor nation overcome its poverty".

From my personal point of view that is totally wrong. Globalization does not help the poor and affects the rich, globalization has become a phenomenon that just helps "the wealthy". India, Pakistan, Haiti are already part of this "movement", but their economy does not seem to improve, it seems to get even worse!. Labor costs a lot in rich countries, as a reasult, they prefer to pay less money for their products sending them to developing nations, instead of creating employments in powerful countries. So that's part of what is called globalization nowadays. By supporting globalization we do not give someine the opportunity of having a new job, we give foreigns the opportunity to work abroad, like in china creating electrical devices.

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