THE DIFFERENT VIEWS ON THE IMPACT OF GLOBALIZATION ON THE REDUCTION OR GROWTH OF WORLD POVERTY.
OUTLINE THE DIFFERENT VIEWS ON THE IMPACT OF GLOBALISATION ON THE REDUCTION OR GROWTH OF WORLD POVERTY.
Although it has gathered a considerable amount of interesting view points over the past two decades, the term "globalisation" has always lacked a precise definition. The subject matter has produced debaters who never come to a conclusion about how it should be described. Scholte (2000) states that:
"Many debates about globalization never get past disputes over starting premises. For one thing, people often hold radically different definitions of the term".
While some view globalization as a process that is an essential force to the future of the globe, others view it as a destructive development that spreads conflict and deep seated xenophobia. (Held & Mc Grew 1999). With such uncertainty looming over the topic of globalisation, it is been said that globalisation is fast becoming an adage of modern times, a massive idea that includes everything from a global economy to a shared cultural experience, but delivers little solution to global problems faced by the whole of humanity.
In other words, globalisation is more of a clichÃÂ© which is capturing modern times. In this respect, globalisation echoes a general view that the world is rapidly being transformed into a shared social space by economic and technological forces and that development in one region of the world can have intense consequences on the lives of individuals or communities on the other side of the globe.
Central to the argument regarding globalisation is the question about who benefits from it. Is globalisation a modern phenomenon that can help solve the problem of inequality and poverty or is it just a tool...