When globalization came along in India, it had a large effect on the poor. It has allowed for widespread growth of exports and the formation of labor markets within the country. India s urban labor market is characterized by very high levels of heterogenity and stratification. The market appears to have very distinct compartments and urban vulnerbility is a function of the compartment in which a household s main income earner is situated. A study can be done on the Caribbean and its poverty.
Economic growth is fundamental to poverty reduction.
Growth reduces poverty through rising employment, increased labor productivity and higher real wages. A more general terms a good example is Globalization gave a banana grower in Ecuador the markets in Russia and China that have turned his farm into an integrated agribusiness with pacjaging, fertilizer, transport operations and even a new container port. It must be noted however, that along with all the people that argue that globalization has a positive effect on third world countries there are those that are opposed to it. These opposers regaurd it with hostility, even fear, believing that it increases inequality within and between nations, threatens employment and living standards and thwarts social progress. However it has been found that globalization as it stands today is inevitable and irreversible.