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Globalization: Would it be a good way to beat poverty
Globalization" describes the ongoing global trend toward the freer flow of trade and investment across borders and the resulting integration of the international economy. Because it expands economic freedom and spurs competition, globalization raises the productivity and living standards of people in countries that open themselves to the global marketplace.
For less developed countries, globalization offers access to foreign capital, global export markets, and advanced technology while breaking the monopoly of inefficient and protected domestic producers. Faster growth, in turn, promotes poverty reduction, democratization, and higher labor and environmental standards.
Globalization has helped reduce poverty in a large number of developing countries. The proportion of the world population living in absolute poverty is lower than 10 years ago. The study shows that 24 developing countries that increased their integration into......

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Approximate Word Count: 786
Approximate Pages: 4 (250 words per double-spaced page)

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