Does Globalization Result in Poverty Reduction?

Abstract

This paper seeks to argue that even though globalization processes such as structural-adjustment programs may in one way or the other be beneficial to developing countries, they do not actually lead to the reduction of poverty in these countries. The first part of this paper deals with indept definitions held on the concept of globalization. The second part also discusses some of the arguments held by those who subscribe to concept of globalization and its impact on the poor in developing countries. Lastly this paper in the final part argues that globalization does not result in the reduction of poverty among the poor in developing countries as we are most of the time made to believe.