Question

does globalization contribute to the deepening of poverty?​

Answer 1

Answer:

Globalization can have a negative effect on society and contribute towards increased poverty in the world. For example, according to Robert Reich, a political economist, “national economies” are disappearing. ... According to its critics, globalization leaves the poor behind; it causes and deepens poverty.

Answer 2

According to its critics, globalization leaves the poor behind. It causes and deepens poverty.

globalization and the restructuring of the world economy under the guidance of the Bretton Woods (liberal) institutions increasingly deny developing countries the possibility of building their national economies. Thus, the internationalization and globalization of macro-economic policies transforms poor countries into open economies and “reserves” of cheap labor and natural resources (Chossudovsky 1997:33).

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