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  • Essay / Essay on Globalization and Poverty - 516

    Globalization has been defined as the acceleration and intensification of economic communication between people, businesses and governments of different nations. This helped raise the standard of living for some and plunged many other civic creations even deeper into poverty. Globalization has probably had negative effects on humanity in three main ways: increased poverty, effects on culture and health. Rich countries are able to sell their goods and services on global markets. While poor third world countries and businesses are forced to turn only to their local market. The NBA owns a huge source of revenue for advancement in technology, which has also pushed the poor into poverty, forcing them to pay rich countries and making it harder than they think. In the article “Effect of Globalization on Poverty,” Ghimire (2006) writes that rich countries control most of the world-famous companies and services on the Internet. By contributing to the success of the global market, it benefits some poor people around the world, also stopped the projects and the rise of the third world....