Globalization is the integration of world thriftiness into unriv exclusivelyed global market gear up with the removal of barriers to trade with a intellection to integrate trade amongst different nations which will succor in the flow of foreign direct investment. The technological cash advance in all the nations due to globalization has make the economy an opportunist market but at the same term increased competition as well. Globalization has given an probability for the developing markets to improve their economy by widening the market internationally by means of transaction and investment.
Poverty commode be measured in different ways much(prenominal) as, by consumption capacity, inequality, or in terms of well-being. besides all this varies from one nation to another. The effect of globalization has stirred every nation no matter if its true or developing. Since globalization has increased trade and competition between nations it is difficult for a poor country to stand up to the global economy but at the same judgment of conviction a develop country is reaping benefits out of it.
The main bloodline of economic growth for a nation is its Per capita income.
Globalization has made way for industries to tap into global market which has led them to disruption from home market to international market, this leads to loss of income and unemployment in the house servant market. Since the barriers to trade has been lifted the trade which used to take place in the domestic market is taking place internationally and the competition in the domestic market for the domestic products argon falling apart due to international industries coming and trading in the domestic market, this leads to the domestic companies falling apart and finally shutting down the business, which will inversely affect the economy to fall apart. And that is what is happening with the poor nations due to exploitation from the developed nations.
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