Effects Of Globalization In African Inequality

2336 Words 10 Pages
Register to read the introduction… It is important to stress that most manifestation of inequality are rooted in unequal access or unequal capabilities or capacities. The issue of inequality is the case of globalization associated with the issues of unequal access and different outcomes. Globalization has resulted into serious debates in regard of effects on income inequality, average living standards and poverty. Much of the present discussion is focusing on deprived countries whereby the preponderant of the arguments has centered on the assertion that globalization has added to inequality by increasing the wage discrepancy of skilled and unskilled labor. It has also been clearly known that wage differentials also subsist in developing countries. Globalization and the issues related to it are generally polarized along the pro-globalization and anti-globalization divide. These are simply political issues. It is also along this divide that the question of inequality is often discussed.
The benefits of
…show more content…
African exports are profoundly concentrated on unprocessed primary products as opposed to exports of East Asia. A few exemptions should always be noted in case of African Trade. Africa’s moribund share in trade can be attributed to a host of factors. First is the breakdown to expand established primary commodity exports into more vibrant export regions. The second is the deliberate growth in the global command for these commodities. Thirdly, it is frequently talk about as the long-term decline in Africa’s terms of trade. As most significant producers, Africa has experienced declining terms of trade due to the low income-elasticity of the demand for primary

Related Documents