.
Globalization and Trade and Poverty - CrCo > .- Poverty line: Minimum level of income deemed adequate in a particular country.
- Extreme poverty: Severe deprivation of basic needs including, food, safe drinking water, sanitation, health, shelter, education and information.- UN definition of extreme poverty: People living under <1.25/day (836 mn people as of 2015, down from 1.9 bn in 1950)
- 1 in 7 people still live without electricity.
- Mobile phones are single most transformative technology to the developing world - Jeffrey Sachs
- Leapfrogging - Countries can skip straight to more efficient technology without significant costs
- Hans Rosling (statistician) - 1-2 bn suffer from globalization deficiency.
- Multiplier effect means more
- Paul Krugman, "The Bangladeshi apparel industry is going to consist of what we would consider sweatshops, or it won't exist at all."
- Outsourcing of jobs, exploitation and oppression, is a form of economic colonialism.
- Companies don't follow same rules as developing countries. To tackle this public awareness is growing. e.g. US produces annual publication on list of goods produced by child or forced labor.
- Many experts believe globalization isn't sustainable for the planet because of it's impact on climate change, deforestation and pollution.
- Microcredit, Muhammad Yunus, small loans ($100) enabled people (especially women) to participate in the economy.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.