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globalization

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Just as we know, the development of globalization brings tremendous positive effects to the whole world. It gives a chance not only for developed countries but also developing countries. Particularly,it brings the large favor for the world’s poor.

To begin with, globalization makes capital and labor mobility greater than before. The poor, who live in the developing countries, can choose to work in some foreign corporations which can pay the higher salaries for them. They will improve the situations of their lives and make their children enjoy better education than ever. As capital and labor become more mobile, international tax competition rises.So many governments have to cut tax rates. As a result, tax systems around the world become more efficient, economic output and incomes will rise.

Then, Globalization makes people use resources reasonably that will not be wasted a lot and buy the more cheaper and higher quality products that is expensive before.

Last but not least, with the development of globalization, economy of each country will get faster development. It creates many new jobs at home and abroad,raises the incomes of people worldwide. The poor will not worry about their lives any more because it will be easier for them to seek a job if they want to. Thus the poor both of developed countries and developing countries will lead a better life. New technology will be introduced in the developing countries, and it can make those countries develop faster and easier.

In a word, the positive of globalization is larger than the negative. So I believe that globalization is favorable for the world’s poor.

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