Globalization And Poverty

The complex relationship between globalization and poverty has been a major debate over the years with globalization perceived as both a cause of poverty as well as a solution to poverty. Globalization can be thought of as the process of integration and interaction among people, nations, and governments through trade liberalization, international technology exchanges and mobility of capital and information (Kaplinsky, 2013). It has an impact on the culture, environment, political systems and economic development of societies globally. Poverty, on the other hand, refers to the scarcity of resources or a situation where a country or a person lacks a given amount of resources. It is a condition where a nation lacks the necessities to enjoy the …show more content…
She is enthusiastic about the hidden potentialities of the developing countries, particularly the sub-Saharan nations. Olopade perceives the western countries as the fat regions while the developing nations as the lean countries. She contends that the fat economies have managed to solve their problems of survival so that they are pursuing trivial goals. Quite the opposite, the lean nations are still struggling with essential survival issues. Nevertheless, as resources decline worldwide, the fat nations may seek advice from the lean economies. Olopade attempts to explain the nature of developing countries and improve our understanding of such regions through providing conceptual maps founded on the lives and practices of the African developing …show more content…
All the authors acknowledge that poverty is still a major issue in most developing countries particularly the African countries. Also, all the authors offer hope for the demise of poverty but with different means of accomplishing the same. Collier advocates for economic convergence but does not champion for globalization. Olopade believes that African countries have a hidden potential in terms of resources so that the western countries should learn from them. At the same time, she advocates for globalization as a means to eradicate poverty only after the full comprehension of the African practices and beliefs. Finally, Friedman and Bremmer also trust that poverty is a temporary situation that can be overcome through hard work and determination (Kaplinsky, 2013). Their notion of poverty concentrates on its negative consequences on the people and how the conscious choices made by persons in authority can influence a country 's economy. Altogether, poverty remains a concern for most developing nations thus there is the need for the wealthy nations to adopt strategies that can help the poor