Globalization can sometimes make poverty worse in developing countries in a few ways:
Job Loss: Big companies from other countries might move their jobs to places where it costs less to work. This can leave local workers without jobs.
Resource Taking: Large companies often take natural resources from these countries. This can harm the environment and hurt people’s ability to make a living.
Loss of Culture: When global influences come in, they can weaken local traditions and businesses. This can make it harder for local economies to survive.
For instance, if a local farmer has to compete with cheap crops from other countries, they might find it even harder to get by and fall deeper into poverty.
Globalization can sometimes make poverty worse in developing countries in a few ways:
Job Loss: Big companies from other countries might move their jobs to places where it costs less to work. This can leave local workers without jobs.
Resource Taking: Large companies often take natural resources from these countries. This can harm the environment and hurt people’s ability to make a living.
Loss of Culture: When global influences come in, they can weaken local traditions and businesses. This can make it harder for local economies to survive.
For instance, if a local farmer has to compete with cheap crops from other countries, they might find it even harder to get by and fall deeper into poverty.