How does globalization affect poverty?

How does globalization affect poverty levels in developing countries?

Globalization can have both positive and negative effects on poverty. It can create jobs and increase access to markets, but it can also lead to job losses in certain sectors.

Can you explain how job creation happens through globalization?

Certainly! Globalization allows companies to expand their operations internationally, which can lead to the establishment of new businesses and job opportunities in developing countries.

What about the negative impacts? How does globalization contribute to poverty?

Negative impacts include the exploitation of labor, where companies may pay low wages, and the displacement of local businesses that can't compete with multinational corporations.

Are there any examples of countries that have benefited from globalization?

Yes, countries like China and India have seen significant economic growth and poverty reduction due to globalization, particularly through manufacturing and service sectors.