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Essay / The link between globalization and poverty - 2493
The link between globalization and povertyThe word globalization is thrown around in conversations without even making us forget what it is. But what is it? Globalization is the concept that companies send jobs overseas to those who will work for less. Globalization is the ability to go to McDonald's in China and eat a Big Mac that tastes the same as if you ate it in your home country. Globalization allows you to go to Facebook to communicate with your exchange partner in Germany in seconds. However, globalization can be defined even more broadly and include multiple influences. The most appropriate definition would be that globalization is the breakdown of barriers between countries allowing the free exchange of labor, goods and services. One aspect that seems controversial is how globalization has affected the wealth of others. For example, outsourcing has helped create a large majority of jobs for citizens of less developed countries, allowing them to slowly escape poverty. But there are still other countries that are seeing their poverty rates skyrocket. I will take a controversial look at globalization, where it improves a country's economy and vice versa, to develop an answer. Johan Norberg argues that outsourcing is a great way to provide jobs to people in third world countries, as discussed in "The Noble Feat of Globalization." Nike. ยป Norberg examines American jobs that were outsourced to Vietnam to see how this influenced the lives of people living in less developed countries. The citizens cited in his article work at one of the richest shoe producers today, Nike. The number of workers employed by Nike has quadrupled since the company moved overseas. This great expansion has endorsed an increase in production, but what is happening middle of paper ...... can be furious to know that the product is so cheap because the workers pay for it with their weak wages. . How someone decides depends on their morals, their cultural views, how they measure globalization, and what aspect of globalization affects them. Works Cited Bardhan, P. (2004). The impact of globalization on the poor. Climate change, trade and competitiveness, 271-284. Black, S. (2001). Life and debt. Web. Hill, R. and Rapp, J. (2009). Globalization and poverty: oxymoron or new possibilities? Journal of Business Ethics, 85, 39-47. Juhasz, A. (2002). The globalization of poverty. Sentient Times: Alternatives for Personal and Community Transformation, 10(2), 9.Norberg, J. (2014). Nike's noble feat. The New World Reader, 187-190. Nye, J. (2014). Don't be afraid of globalization. The New World Reader. 204-206.