Paper Topic:

globalization.

GLOBALISATION IS A TREND WHICH TENDS TO BENEFIT THE RICH AND HURT THE POOR

Globalisation was initiated in the early centuries as a way of integrating the world of economists , business and political activities which were focussed on cost associated protection . This resulted from the idea of declining international economic integration . This gave birth to several international institutions that were supposed to oversee international trade by removing the barriers to trade . It is thus a process that aimed to be beneficial to all people within a country and in the whole

world . However , globalisation is nowadays involving many others activities which are multivariate in approach . It involves economics , social and political dimensions . Globalisation is therefore having various aspects which are affecting the world in different ways . Such aspects include looking for the markets for the products and access to a range of foreign products which are required for their productions

Since the inauguration of globalisation , the industrialist system has recorded an unbelievable number of achievements . The industrial revolution has fetched a new standard of prosperity , shape and comfort to the people of the world over . According to many economists , these accomplishments have been achievable due to a novel institutional framework that supports competitive markets , political freedoms and universal education encouraging objective scientific interactions and allowing social and political criticism , and provides safety to reduce risk and deprivation . Globalisation has led to reducing scarcity and has created a catastrophe of sustainability as susceptibility to the poor to consume exceeds of his capacity and to conserve diversity and control wastes is no longer there . Removing national barriers has exposed rich and ill-equipped peoples to the threats as well as the benefits of free trade and competitive markets . Globalization has affected the poor in communications by reducing cultural diversity and exposed everyone to the temptations of an often selfish and slight international industry In addition , the demands of competition in the capitalist setting and transformation of workers has implications for stress-related illnesses family breakdown , and the loss of long-established values of family team spirit which adds cost to the poor (Pistor , 1997

The internationalization of the market has a direct impact in most important sectors which are mostly dominated by the poor . Mostly , the poor are kept in those sectors which are widely associated with the production but not in the distribution . The poor producers do not benefit from globalisation as the middle class men always makes the best of the un informed poor men in the globalise world . Thus the globalise trade in agricultural and livestock commodities from the poor are lowly paid for . This makes such sectors to be lagging behind in terms of industrialization . By commercializing their natural products , either raw or semi processed , they can achieve a balance of trade superfluous However , it is in the agricultural markets that rich countries have been stubborn in putting favourable policies for the free trading conditions (Pistor , 1997

While it is correct that globalization supports free trade among countries on an international...

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