Globalisation

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To sum up, globalisaiton indeed is a catalyst of economic globalisation and poverty. Globalisation promotes the advancement of economic growth, but is also increases the poverty of developing countries. Economic globalisation considered being the most important part of globalisation, it improved the economic growth and promoted the international trade and interchanges. Brings a lot of profits to developed countries and a few of developing countries. However, the most developing countries do not have advanced technologies, so it leads to there be a big gap between developed countries and developing countries. In addition, the rapid development of economy makes a lot of developing countries become more and more poverty. Consequently, on the one hand, globalisation indeed stimulated the economic globalisation, on the other hand, it also increasing the poverty of developing countries.

References:

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Joshi, RM 2009, International Business, University of Oxford, UK.

Lee, E & Vivarelli, M 2006, ‘The Social Impact of Globalisation in the Developing Countries’, IZA Discussion Paper, no.1925, Germany.

MacDonald, R & Majeed, MT 2011, ‘Distributional and Poverty Consequences of Globalisation: A Dynamic Comparative Analysis for Developing Countries’, University of Glasgow, Glasgow.

O’Rourke, KH & Williamson, JG 2000, ‘When Did the Globalisation Begin?’, National Bureau of Economic Research, no. 7932, Cambridge.

Santarelli, E & Figini, P 2003, ‘ Does Globalisation Reduce Poverty? Some Empirical Evidence for the Developing Countries’, Development of Economics, University of Bologna, Bologna.