A discussion on how free trade reduces poverty in developing countries.
Written in 2006; 2,265 words; 22 sources; APA; $ 70.95
Paper Summary:
The paper discusses how advances in technology have figuratively shrunk the world, linking all four corners of the globe and facilitating global relationships. The writer examines how, despite the challenges of insensitive development of globalized free trade, in general, the positive benefits of this policy far outweigh the disadvantages. The paper notes that globalization has brought rapid prosperity to many developing countries and that because of the liberalization of free trade policies, poverty levels have fallen dramatically in many developing countries. The paper concludes that because of this economic growth, millennium development goals are on track for many countries, with a hope of reducing the world's poor to approximately 600 million, by the year 2015.
Table of Contents:
Introduction
Global Overview of Poverty Statistics
Economic Performance and the Reduction of Poverty
Malaysia
China
El Salvador
Challenges to Globalization as a Reducer of Poverty: Free Trade and the Rice Sector
Other Challenges to Globalization: Higher Unemployment Rates
Doha Development Round: The Future of Economic Development in the War Against Global Poverty
Conclusion
From the Paper:
"Ten countries, with agricultural export potential, were analyzed in a WTO commissioned research study. In the study, East Asia and Europe were identified as leading winners to trade reform in both the short and the long-term. "In Brazil, liberalization would drive rapid poverty reduction by prompting increased agricultural production and employment in regions with relatively higher poverty incidence, while in China, the poor would gain as exports would increase to agricultural markets in East Asia that are highly protected at the present" ("Poverty & the WTO", 2005)."
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