Poverty and wealth is the essence in which it is connected with everyone’s life. Poverty is a global problem that has been evident through history. It is an issue that the U.N., states, and many global organizations have been tackling over the years. With globalization, it is an important concept as it has an impact on global wealth and poverty. Globalization is a perception of how the world is becoming more interconnected by economic and technological forces. According to the reading, “globalisation has opened up many (primarily economic) opportunities, and this is evident in the reduction in numbers of those living in extreme poverty”, it is in my opinion a very bold statement as it made many people rich but even more people poorer. Globalization is criticized to be only beneficial to the U.S. while it exploits third world countries, using their cheap labor and consumption.

My view on poverty is that, humans are naturally selfish and without a global authoritative power to control the economy, it will never go away. There will always be inequality in wealth distribution where free market takes place.

This entry is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International license.