Globalization of Poverty

 Globalization of Poverty
© jonnykeelty

There is a book launched by Chossudovsky an international best seller, named The Globalization of Poverty and the New World Order. This book based on Globalization feeds on human poverty and destruction of the environment. Globalization also brings changes in racism and ethnic strife and it undermines the rights of the women as per this book.

The Globalization of Poverty is a combination of lucid explanation and cogently argues the direction for how to move financially and economically. The Globalization of Poverty reviews ten chapters on causes of poverty, consequences of famines and other issues. The Author of Globalization of Poverty is Michel Chossudovsky who is a Professor in University of Ottawa.

Globalization of Poverty has published 12000 copies which has launched all over the world. Globalization of Poverty covers other economic and political landscape which dominate the entire world. The Globalization of Poverty shows how International Financial Institutions, military and intelligence operations and other Western Nations go together to destabilize and dominate people and the countries.

Future Economy will be Facilitated by Globalization

Future Economy will be Facilitated by Globalization
© geographyalltheway.com

Globalization affects economy in a great way and it seems globalization will define economy in near future. Recently the Daily News hosted a seminar on globalization and local economy, at Memphis Brooks Museum of Arts.

As Globalization has set up a global business platform, economies and markets across the world are now placed against each other and competition has grown. Globalization has also led to various technological developments.

The seminar discussed few big economic stories and, emerging markets and improving standards of living in places like China. Over the last decade the emerging markets have contributed around 70% for growth on the planet.

However the seminar explained that due to the impact globalization many international investors will take a pause due to the fear of unknown whereas investing in US will still be considered comfortable.

The Globalization Backlash

The Globalization Backlash
© Marc van der Chijs

Globalization in its current form would be inconceivable without the American insistence on free trade. Classic free traders so far have been strongly committed to the globalization project. But more and more experts are coming up with evidence that globalization is not in the country's best interest.

Globalization and greed have gutted America's manufacturing industry and caused the loss of over 15 million high-paying manufacturing jobs to the Far East in less than two decades. U.S. multinational corporations, that employ 20% of all U.S. workers, are increasingly hiring overseas workers. Jobs at multinationals tend to pay above-average wages and have sustained the American middle class for decades.

According to an opinion poll conducted by the Wall Street Journal there has been a decisive shift in American attitudes about globalization: Only 28 percent of respondents agreed that globalization is a good thing.