What are the historical roots of global poverty and inequality?

Globalization of Poverty and Inequality

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Date There are a number of factors that have contributed to the increase in poverty level globally and the gap of inequality between the rich and the poor countries in the world . The 20th century has been the worst hit by this problem in the world history and is marked by malfunctioning of several productive systems particularly those in the developing nations This has also been expressed by lack of proper arrangement in the side of the national institutions

as well as in the educational and health programs . There are various causes of global impoverisation and social inequality and some of these causes are : high rate of unemployment structural adjustments , overpopulation , colonialism , foreign trade and investments , cheap labor and low consumer spending power . These and other factors cause there to be a very wide gap between the rich and the poor nations . This research will lay its focus on bringing to the light how these factors led to the global impoverisation

The living standards in the 20th century are said to have increased in this period . The less developed nations are said to have registered an economic growth more than the developed nations despite the fact that but the gap between the poor and the rich has continued to widen . His was not the trend after the world war period . After the Second World War , most nations in the world embarked on economic programs that were geared towards bringing all those nations that were affected by the war back to their feet Within a very short time , they had achieved an economic growth and their eco and this shows that the gap between the poor and the rich has widened economies were performing quite well (Stiglitz J . 2002 )There were factors that helped these nations to register growth in the economic sector and some of these were the fact that after the Second World War , peace prevailed in most of the countries that were not directly involved in the cold war . Another thing is that there was sustained economic growth and the global market was a bit free . These factors helped nations such as Indonesia and China to make economic reforms . The recent poverty globalization has largely affected the achievements that were made after the Second World War . A lot of the significant change was registered especially in the third world countries which were largely affected by colonization in the post world war period . After the Second World War , many less developed which were wallowing in poverty because of the far reaching effects of colonialism

After many of these nations successfully suppressed colonialism globalization of poverty has continued to be reported in most countries especially those in western Europe , north America , some nations which formerly belonged to the Soviet block union and also in some newly developed nation especially those in the south east of Asia and in the far east . Impoverisation is not localized to only one region and...