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by legulere 3906 days ago
I don't think globalisation plays that big a role in preventing poverty. Big causes are wars and mismanagement by unjust governments.
3 comments

Nay, a huge role. People who were far outside major economic activity can now participate in global markets, improving their ability to sell goods & services (and obtain tools & connections).

A few days ago I ordered & received a cheap scarf via mail. US$0.95 - delivered! from China! obviously whoever was involved didn't make much off the transaction, yet they WERE able to make & sell & deliver something to an idiot on the other side of the planet. Where there was no market before, Amazon & USPS & other businesses have pursued "globalization" to the point that a manufacturer & buyer a world apart could engage in profitable transactions.

The way out of poverty is capitalism, sellers & buyers making mutually profitable agreements, and globalization eliminating barriers of distance & borders.

Globalisation is absolutely vital in reducing poverty -- particularly in countries that used to be very poor because they were excluded from the world market, e.g. China and India, where a very large proportion of the world's poor used to live. Not any more.
Oh, it plays a huge role.