Globalization Decrease Poverty in the World

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Globalization Decrease Poverty in the World

By | April 2009
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Globalization is a set of processes leading to economic integration. All countries open their doors to each other. The wind of globalization has carried a lot of changes .The life nowadays depends on trade and economic relationships. Before globalization, countries were separated from each other. As a result , every one was looking for its interset in a selfesh way which is contrary to what is happening now. However, people nowadays are thinking of ways that help them to communicat with one other. There are a lot of postive things which have resulted from globalization and have improved people’s lives such as decreasing poverty in the world. In fact, an average of 65% to 70% of citizens all over the world feel thous their lives and that of their families have improved as a result of globalization[1]. Global economy has improved in the last 20 years ,which caused poverty reduction in world. Free trade and outsourcing are the most prominent phenomena which resulted from globalization and played an important role in reducing poverty.Free trade played an important part in creating a strong economy in the world. There is a vast difference between the country that open itself to world and the country that bonded it self. China is a good example of those powerful industrial countries which have benefited from globalization. “China's increasing openness since 1978 has handsomely benefited its economy which is now nine times larger” [2]. Free trade creates a competition between countries for better goods. The poor people were able to benefit from this competition. The increasing variety and quality of products gives the poor people a lot of choices to live a better life “Diversity also becomes important for consumers, with wider choice and access to better and cheaper products and services in globalizing markets”[3]. It is a well-known fact that before globalization all countries were enclosed within themselves but with free trade life became more chipper...
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