How can globalization reduce poverty?

How can globalization reduce poverty?

Globalization can reduce poverty by increasing access to markets, creating jobs, and promoting economic growth in developing countries.

Can you give me examples of how this works in real life?

Sure! For instance, countries like China and India have lifted millions out of poverty by integrating into the global economy, attracting foreign investment, and boosting exports.

What are some potential downsides of globalization?

While globalization can reduce poverty, it can also lead to job displacement and income inequality if not managed properly.

How can governments ensure that globalization benefits everyone?

Governments can implement policies that promote fair trade, invest in education and training, and provide social safety nets to protect vulnerable populations.