Globalization and Inequality
Recently I had the opportunity to read a brief note on the results of a work of the International Monetary Fund that has two news. One of them is good and the other is bad. I know that the IMF is not an independent NPO that has no interests in globalization, but I want to think that the papers published are actual independent science.
The bad news is that globalization, and more specifically technology, has a negative consequence in the inqualities of the world. That is, as technology and direct foreign investment gets into a country, inequality rises. Notwithstanding increase global trading reduces it.
The good one is that although it is true that globalization negatively influences inequality, as the Gini coefficients show, the overall states of the population increases in absolute terms. That is, the poor are less poor and the rich get richer.
I have been always of the idea that globalization, the good one, is positive for the world. The conscience that we all are in the same planet. fight for the same things and have the same fears may save the planet from a final war. Additionally, global trade has given prosperity to the world in absolute terms. Never has been as many people as today living with the standard of living we have. Of course, never has been also so many poor people. Anyhow globalization, from my point of view, may take the solutions to some of the present problems of the world. Opening trade barriers in the developed countries, especially those that refer to farming and agricultural products, will increase the possibilities of poor countries to produce products for what they are competitive enough and that can profit. Of course, the process of globalization must change, but rising new trading barriers and strengthening the national borders will not get the solution. The possibility of killing 6 billion people in the world to go back to the eighteenth century is not acceptable.
Labels: globalization, Information age, Polemic, Research, Society

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