Economic globalization makes rich get richer, poor get poorer Essay

Economic globalization is the unifying of all the economic systems and markets realismwide. The world obviously is nowhere near true globalization, but countries are qualification huge strides towards it. There is a premise that globalization makes luxuriant countries richer and scummy countries poorer. However, I do not agree with this. Firstly, it is true that the rich may very well pick up richer by globalization. It opens up new investiture opportunities and new growth and if they are wise they can benefit financially. recede the recent boom in emerging markets. It is mainly the rich who call for access to invest in these markets, and thus, the rich get richer. I would argue, however, that globalization has a very strong force to actually make the rich poorer. For examle, there has been much talk about outsourcing and that it is bad for America because American jobs get moved abroad. Now those Americans who have had their jobs outsourced are certainly poorer, and in this scenario the Americans are the rich so once again the rich got poorer.The cerebration that the poor get poorer is in most ways unfounded. Sweat-shops are an exemplification of a terrible characteristic of globalization. Nevertheless, the use of sweat-shops is declining thanks to consumer pressure. Additionally, sweat-shops are a function of the governments of the countries in which they exist. It is not globalizations fault that sight are treated poorly in a country, but sooner it is the fault of that government for not looking out for the welfare of its people. beyond that, though, I believe globalization is helping the poor get richer. To start, amaze the example in the previous paragraph and reverse it.While Americans losing their jobs get poorer, workers in other countries get richer. Multinational corporations are finding these ontogenesis countries provide very appealing investment opportunities and so they are position their money into these countries, by so doing, helpi ng them to grow and enriching their citizens. Globalization typically leads to the industrialization of countries that have not been industrialized and makes the world a recrudesce place for everyone.