Wednesday, 26 October 2011

~Measuring Poverty and Globalization

   We obviously can see the relationship between poverty and globalization through the trade volume and policy. Poverty may occur to individual or family that have an income about $1 or $2 a day.
     The export activity and foreign investment can help to decrease the poverty a lot. This can be seen when foreign businessmen come to a country and invest in their economic sector. Then this can increase the work opportunity to that country. For an example, in Malaysia, the owner of Sime Darby build a factory here. Then it will need people to work with them in order to run the company here. So that obviously can help the needed to gain job and get income from it. Normally export product will be in a large amount. To pack the product, it need plenty of people and that may come from the needed. So obviously that economic can help to reduce poverty.
     But they still some factor that maybe increase the number of poverty. That is the removal protection or the imported shares. Normally government will make some changes in law in order to attract foreign investor to invest in our country. In fact, the changes will suppress the poor.


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