Question

Globalization is it right stratergy reduces poverty

Answer 1

Answer:

Economic growth is the main channel through which globalization can affect poverty. What researchers have found is that, in general, when countries open up to trade, they tend to grow faster and living standards tend to increase. The usual argument goes that the benefits of this higher growth trickle down to the poor.................

Answer 2

Yes, globalization is the right strategy to reduce poverty.

What is the impact of globalization on poverty?

• With globalization, the people do not depend on other countries for capital and good which increases the employment
• People are not migrating to other countries which impact the poor
• The life of the poor people get to change with the growth of GDP ( Gross Domestic Product)
• Poverty is reduced by increasing the number of educational institutions
• The wages of laborers are also increased due to globalization