Globalisation: Marginalisation of the Poor

Last updated: March 9, 2017

Has the rise and spread of trans-national companies exacerbated global economic inequalities?

Globalisation: Marginalisation of the Poor
Yes because...

The poor are being marginalized. Globalisation is a means for exclusion, deepening inequality and re...

The poor are being marginalized. Globalisation is a means for exclusion, deepening inequality and reinforced division of the world into core and periphery: it is a new form of Western imperialism which dominates and exploits through TNC capital and instrumental global governance such as the World Bank and IMF.
No because...
North-South differences are being eroded. Globalisation is a progressive force for creating global prosperity. Through free trade and capital mobility, globalisation is creating a global market civilisation in which prosperity, wealth, power and liberal democracy are being diffused around the globe.

Globalisation: Marginalisation of the Poor
Yes because...

Globalisation has intensified global and national inequality. There is an increased economic and so...

Globalisation has intensified global and national inequality. There is an increased economic and social gap within countries and between countries, the richer are becoming richer and the poorer are becoming poorer. Globalisation is an uneven process causing world fragmentation. There has been increasing inequality in trade too, resulting in the amplification of the trade gap. Through increasing globalisation the value of world trade is 17 times greater than 50 years ago, but Latin America’s share has fallen from 11% to 5% and Africa’s from 8% to 2%. The terms of trade have increasingly moved against LEDCs and their poor.
No because...
Globalisation has increased world prosperity and organisational efforts to stabilise the world economy have significantly improved. By historical standards global poverty has fallen more in the last 50 years than in the past 500, and the welfare of people in almost all regions has improved significantly over the past few decades. Globalisation will bring about the end of the ‘Third World’.LEDC’s fall in their share of world trade can be attributed to the internal economic, social and political conditions in individual countries.

Globalisation: Marginalisation of the Poor
Yes because...

Globalisation exploits LEDCs and their poor through TNCs. The World Guide (known as the Third World...

Globalisation exploits LEDCs and their poor through TNCs. The World Guide (known as the Third World Guide) says that globalisation is a ‘euphemism for transnationalisation’ - the spread of powerful companies over the globe, wherever suits corporate interest best.
No because...
Globalisation promotes development in LEDCs as well as spreading the technology and knowledge of the MEDCs.There is some evidence to suggest that those countries largely by-passed by globalisation are amongst the poorest.

Globalisation: Marginalisation of the Poor
Yes because...

Increased global integration means that poorer countries become more vulnerable to world financial m...

Increased global integration means that poorer countries become more vulnerable to world financial markets. The East Asian Crisis was a direct result of globalisation and resulted in intensifying poverty. The crisis shows that even the strongest developing states are at the mercy of global economic forces that serve the interest of the dominant capitalist powers. Globalisation also meant that there was a speedy transition of the crisis to the other East Asian countries - the ‘contagion effect’ - having devastating human consequences.The benefits of the global market accrue to a relatively small proportion of the world’s population. The stronger become stronger and the weak become weaker.
No because...
Globalisation has brought about huge benefits. The emergence of a single global market, the principles of free trade, capital mobility and global competition has allowed the diffusion of prosperity, wealth and power and these aspects of globalisation are the harbingers of modernisation and development. New opportunities and possibilities have been opened up. On the contrary, globalisation was the very force that led to the successful development of Eastern Asia and its ‘economic miracle’.Far from making LEDCs more vulnerable, increasing global integration means that there are better organisational structures in place to deal with world political, economic and social problems including those associated with natural hazards.

Globalisation: Marginalisation of the Poor
Yes because...

Globalisation is a form of disempowerment. Outside interference of the World Bank and IMF has made L...

Globalisation is a form of disempowerment. Outside interference of the World Bank and IMF has made LEDCs economies worse and has constrained the development strategies that nation-states may pursue. International negotiations to reduce and eliminate foreign debt have led to increasing exports of capital and the further indebtedness of the countries affected.
No because...
Global market civilisation has been reinforced by the policies of the major institutions of global economic governance, namingly the IMF, World Bank and the G7. Global governance The World Bank restructured LEDCs economies in SAPs (Structural Adjustment Programmes) manage indebted economies. Outside intervention allows the dissemination of effective economic management strategies.


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