Does globalization make the poor poorer

Topics: Agriculture, Globalization, Developed country Pages: 3 (1011 words) Published: March 22, 2014
Topic:Does globalization make the poor poorer?

Since the Industrial Revolution happened in the period from about 1760 to sometime between 1820 and 1840, the world has gone through a quick booming and the trend of globalization is becoming more obvious in terms of the active communication and intensive trades among the countries. Nowadays, globalization becomes a common term that everyone know and can talk about. Hence, it is followed by lots of arguments because of various vision from different people. In some people's opinions, countries have benefited a lot from globalization. The free trade is one of the opportunities that globalization brings and it enables the circulation of currency and boost the economical development. Whereas others may not think this way. They think that globalization makes the poor poorer . It reduces the opportunities for them to reach the upper level of life and stresses their lives. However, I will say that we should not see globalization as a one-way street. Its impacts on different countries depends on how the countries respond to it and sometimes may depends on the geographical locations. It may be one of the reasons that makes the poor poorer, but it is not the only one.

For the case of the farmers in India, the globalization really does a negative impact on them and make them even poorer in some ways. Although the high-yielding varieties(HYVs), the production of globalization, which shorten the growing time, make the crops tolerant to droughts and floods and increase food production have replaced the traditional crop varieties, the farmers are still trapped between a rock and a hard place because of the vicious debt cycle. While the green revolution has increased the productivity, it still brings a lot of problems for farmers. Instead of keeping seeds from crops as was done traditionally, people have to buy seeds every season. Land leasing and expensive equipment used to increase the productivity also need a large...
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