Thursday, April 30, 2009
This article argues that globalisation is bad for impoverished people. The author, Oxfam, argues that the process of globalisation is redistributing the wealth in the wrong direction. One quote I found very interesting is the UN secretary general saying half the world has never used a telephone, much less a computer. This was very intriguing. Oxfam goes on to state that basically the rich are getting richer and the poor are getting poorer. Oxfam also clarifies that this is in fact economically inefficient. Oxfam displays that the global market is neither good nor bad for poverty reduction although it is a system that creates winners and losers. Oxfam presents the example of Bangladesh, where thousands of jobs were created due to exports. Oxfam unveils that many rich governments that value free trade are at the same time are ripping off poor countries through protectionist barriers "cost developing countries an estimated $700 bn a year". The numbers are staggering. Oxfam discusses that aid is not the solution for these impoverished countries, the solution is to establish trade so these countries can become self sufficient. Like the saying "you can feed some one dinner for a night, or give them a fishing pole and teach them to fish". Oxfam suggests that we examine the patterns that this globalisation has created and change them to attempt to meet the 2015 targets, which is some British goal of lessened poverty. Oxfam goes on to say that Britain is a very fit country to lead this war on poverty because it is very centered in the world economy. Personally i think the gist of this argument is that we must eliminate greed from our world economy so we may better help the poor people of the world.
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Do you think there should be laws against employing oversees workers? That seems to be their aim.
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