The world has become a global village and in concrete terms, it justifies cross-cultural borders and interdependent-ness of countries, liberalizing trade and opening the economies with other economies. Globalization thus defies itself as a phase of development which in countries abide to for sustainable economic growth. Globalization, in theory and in paper has constantly reiterated the positivity it brings towards developing countries; however, this is not always the case. The idea of globalization in relation to the economy is to liberalize trade thus opening its borders, making it prone to International organizations and another multinational corporation.
Developing countries are those who experience poverty more than it’s developed counterparts. Generally, poverty is the absence of opportunity to have basic needs addressed—a state of being poor. Globalization has always been associated with the rising inequality and in general the poor may not always have a share in the qualms that globalization brings to a nation. Globalization, reiterates that it brings positive aspects towards countries in need, but does it improve the situation among the working force; and will globalization of multinationals within developing countries aid the alleviation of poverty?
This paper aims to discuss the connection between the effects of globalization on developing nations that do not have a skilled workforce. To comprehend whether globalization is flourishing in a developing country is to address whether the locals of the host country of multinationals are able to work and whether globalization has improved the circumstances of the working class. Poverty is a broad aspect and even with the presence of globalization, poverty has been adamant all over the world; especially in developing countries. The effect of globalization on poverty is country-specific, depending on their approach towards trade liberalization—all ends are different. There are countries that are not affected by globalization of trade, and in this case, according to ___ (), globalization and trade liberalization will not help alleviate poverty if their policies are not strong enough to sustain themselves. The occurrence of globalization and trade liberalization is inclined to and must work according to their existing laws and policies that go by their ideas and concepts. Globalization produces both winners and loser among the poor as most developing countries have an abundance of unskilled workforce wherein the benefits of globalization are not always shared.
