Summer 2019 POL 241 Chap 12- Robert H. Wade, “Is Globalization Reducing Inequality and Poverty”


Elayne Guzman

Chap 12- Robert H. Wade, “Is Globalization Reducing Inequality and Poverty”
Quote:
“If the number of people in extreme poverty is not falling and if global inequality is widening, we cannot conclude that globalization in the context of the dollar Wall Street Regime is moving the world in the right direction”

Meaning/Chosen:

    We live in an unequal world in which descriptors of global inequality, especially inequalities in income abound. Globalization has intensified flows of goods, finance, people and political/cultural interactions all across our planet. Understanding the nature of, and linkages between globalization and inequalities is crucial because disparities abound in access to needs such as shelter, land, food and clean water, sustainable livelihoods, technology and information. Inequalities in all of these realms pose challenges to human security and environmental sustainability.  Much of the research on the link between globalization and inequality has focused on the global scale, looking at inequality between countries using aggregate economic indicators such as gross domestic product per capita.
Opening the economy to trade and long term capital flows need to make the poor worse off if appropriate domestic policies and institutions are in place, particularly to help shift production to more marketable goods and help workers enter new jobs.


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