They argue that free trade largely benefits wealthy countries and exacerbates poverty in the global south.
How is the technology gap related to global inequality?
The technology gap reinforces preexisting economic disparities, making it increasingly difficult for poor countries to participate in the global system on equal terms with rich countries.
Does technology cause poverty?
- As technology-based production processes rely less and less on human labor, more and more unskilled and low-skilled workers find themselves losing their jobs, and their self-esteem as well.
- Technology is also seen to have worsened ecological poverty.
How does globalization contribute to poverty and inequality?
- Globalization and Poverty yields several implications. First, impediments to exports from developing countries worsen poverty in those countries.
- Second, careful targeting is necessary to address the poor in different countries who are likely to be hurt by globalization.
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