On balance, economic globalization benefits worldwide poverty reduction

I stand in strong negation of the statement, resolved: "On balance, economic globalization benefits worldwide poverty reduction". In order to better understand the information that the Con side wishes to present today, it is necessary to understand some terms. The United Nations defines "economic globalization" as: " the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies. "1. I believe that economic globalization does not decrease poverty rates for the following reasons: Contention One: Globalization displaces the poor. The effects of globalizing the economy of a country is felt by more than simply those who manage it. In a study by the Journal of Developing Societies, it was found that India is essentially depriving its poor, tribal people of a sustainable livelihood by promoting the unregulated growth of mineral-based industries in their area. The report went on to say, and I quote: "In the name of modernization and the country's economic development, the elites in India are taking over the life sustaining resources of the poor and pushing them into a further marginalized state of living as a result of displacing them from their land and homes. ". This is not simply an isolated instance, as a similar situation can be observed on the other side of the globe. In Mexico, nearly forty percent of farmers were displaced by a prime example of economic globalization- the North American Free Trade Act. These displaced people are often then forced into slums, as detailed in the aforementioned report. The report concluded by stating the following: "Their status changes from self-sustaining members of their local ecosystem to ecological refugees who are forced into the slums of the large urban centers and urban-industrial towns created by the development pathologies of our time". This in turn enhances the effects of poverty, thus not decreasing poverty, but instead making the problem worse. Contention Two: Economic globalization creates inequality in developing societies. According to a study published by the Economist in 2014, contrary to popular belief, multinational corporations will hire the skilled workers in countries, as opposed to the unskilled workers. However, as a result of this, the unskilled workers are not given such opportunities. This leads to increased inequality. The gap between the upper and lower class expands significantly, as shown by this report. It cites a GINI study, which is a method used to determine inequality. The closer the score is to zero, the more equally the money is distributed amongst the people. The average score on the Index is about 10%. However, China, a country that has been radically altered by economic globalization, scores a whopping 34%. This is preposterous. A report published by the Global Policy Forum stated that citizens will observe, "signs of injustice, insider privilege, and unequal opportunity" all as a result of inequality. This same report went on to state: "In developing countries inequality is usually economically destructive; it interacts with underdeveloped markets and ineffective government programs to slow growth " which in turn slows progress in reducing poverty. " Contention Three: Globalization exploits the poor through sweatshop labor Globalization critics often cite sweatshops as a prime example of the "race to the bottom" phenomenon. A "race to the bottom" is defined as a situation characterized by a progressive lowering or deterioration of standards, especially (in business contexts) as a result of the pressure of competition. This happens when world markets are opened to free, unfettered trade. Without transnational labor guidelines and regulations, big corporations will look to place factories and manufacturing plants in countries with the most relaxed environmental and labor standards. Developing countries then compete for the patronage of these companies by lowering labor standards -- minimum wages and workplace safety requirements. The result: horrendous working conditions like those described above, and no state oversight to make the factories change them. Sweatshops are a way for corporations to exploit the poverty and desperation of the third world, while allowing them to circumvent the living wages, organization rights, and workplace safety regulations labor activists have fought long and hard for in the west. "In a village in the Mekong delta in Vietnam a woman and her twelve-year old daughter sit all day in the shade from five in the morning until five in the evening making straw beach mats. For their labour they receive $1 a day. " "In China, workers at Wellco Factory making shoes for Nike are paid 16 cents/hour (living wage for a small family is about 87 cents), 11-12 hour shifts, 7 days a week, 77-84 hours per week; workers are fined if they refuse overtime, and they're not paid an extra rate for overtime hours. The evidence shown here today, makes it abundantly clear that Economic Globalization is in no way "reducing worldwide poverty. "