Globalization and Poverty Reduction

Globalization refers to the interconnectedness of countries through trade, investment, and technology, which can help reduce poverty. By allowing nations to access larger markets, it enables businesses to grow, create jobs, and increase incomes. Additionally, globalization often leads to the sharing of knowledge and resources, improving education and healthcare in developing areas. However, the benefits are not always evenly distributed; some may become wealthy while others may struggle. Thus, while globalization has the potential to reduce poverty, careful policies are needed to ensure that its benefits reach everyone, particularly the most vulnerable populations.