Running Head: Globalization- Moving Forward or Moving Backwards?

Topics: Globalization, World Bank, Poverty Pages: 8 (2895 words) Published: May 11, 2010
With 35 million people, Tokyo gets the trophy for being the world’s largest city. Second place goes to Bombay with 22.2 million people and New Delhi follows that with 20.9 million (McKinnon, 444). It is no question that the world is home for billions of people and the number is growing. The world today is very different from what it was years ago. Through new technologies, we are able to communicate with people in a matter of seconds. The Internet connects people to do business internationally and quick. It has reduced the traditional problems you get with trading. It is now very easy to trade goods and services around the world. Because of this, markets are more open and competition is bigger. Investment has changed with online banking. It allows people to move their money internationally. Globalization is a process where global connections become thicker and it creates relationships between many people in vast distances. Globalization is a system where people aren’t in their own little villages anymore but they are brought together by trade or diplomatic relations. Globalization represents a change in human organization; there are both positive and negative effects of globalization.

As our world with new technologies begin to march forward, many countries are being left behind. For example, economic reforms have transformed India into the second fastest growing largest economy. According to India: Rich vs. Poor, they mentioned India's economic growth rate in the year 2007 to 2008 is 9.1% compared to the United States' growth rate in 2007 to 2008 is 2.2%. India’s economic growth rate is supposed to be even higher in the next few years. It is one of the fastest growing economies in the world. The Indian rupee has even grown stronger than the United States dollar (Roskins, 467). With all this said, India seems like its on track to be a dominating world power. However, India suffers from high levels of illiteracy, malnutrition, and gender inequality. India has more poor people than the continent of Africa. We have always lived in a world that has created hierarchies. We have rich and poor, affluent and less affluent, developed and developing, and third world countries. Whatever system we use, the gap between rich and poor will be very distinct. According to a report in the New York Times, technology and Internet access will intensify the difference between rich and poor countries (Miller). This gap has always increased over the years because it is a byproduct of globalization. In 2005, World Bank estimates that 1.1 billion people in the world lived in extreme poverty. The definition of extreme poverty would be poverty that kills and that people who live under extreme poverty may live off of a dollar a day. More than 8 million people die each year because of poverty. Many times it’s from preventable diseases. For example, approximately 3 million people in Africa die of malaria each year. This situation in Africa has worsened over the last two decades. Forbes magazine has published that there are 358 billionaires in the world. Their combined net worth goes past the combined net worth of the worlds poorest 2 and a half billion people.

Globalization goes all the way back to beginning. When people built roads it made the world so much smaller, but at the same time easier. Wheels and boats led to changes in transportation. Humans walked first, then came horses and carriages, after that the invention of bikes came along and soon after that was the automobile. Soon traveling did not take days and months, but in a couple of hours you could get from point A to point B. Another example would be writing with ink to printing books; all of these mentioned were a huge milestone for the human race. From the inventions of these things, more people were able to learn more things about the world. We are no longer stuck in villages, knowing the same people and same traditions. Today, globalization continues with the...
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