The Impact of Globalization on Poverty Essay -- Outsourcing, Offshorin

globalization has helped raise the standard of living for more people fieldwide. It has also, however, driven many deeper into poverty. Sm all told businesses and third foundation countries argon not capable of updating their engine room as often as their larger, wealthier counterparts. Unable to compete with multinational firms and wealthy nations, small businesses and third world countries and forced to do business locally, never growing and reaching their intact potential.Technological advances are made daily throughout the world. However, it is expensive to cursorily make and transport these advances globally. This high production cost causes the consumers scathe to be unnecessarily high. Today, there are many countries in the world that cannot afford to pay such a high price for the in style(p) technology, and by the time they can afford to pay, newer, more move technology exists. The democratization of technology emoluments mainly the wealthier countries.Technol ogical advances not only benefit wealthy countries, but also wealthier companies. Technological advancements allow countries and their companies worldwide furtherance when they are successful. Because investors are able to easily invest on the Internet, on the telephone, and through facsimile machines, the profits of companies have increased greatly. Currency traders all over the world have also been able to update change rates and notify the public of the updates more rapidly. This has led to more appetency to finalize deals because companies are able to be sure that they are receiving militant exchange rates. Swissair, an airline based in Switzerland, even moved its finished accounting division from Switzerland to India simply because the accountants in India are among the outperform in the world. They were able to do this because all of the information from their new office center(a) around the world was transmitted through the use of technologically advanced devices. Because labor is cheaper and the workers are more skilled in India, the company benefited in two ways. For the same reasons as in India, Thailand has moved from being in the main a rice-producing nation, to the worlds second largest producer of pickup trucks and stern largest producer of motorcycles (Solbrig).As far back as the invention of the telephone, the countries with the best economies were the most technologically advanced. ... ...Claas van der Linde. Toward a New Conception of the Environment-Competitiveness Relationship. journal of Economic Perspectives. (Fall 2009) pp. 97-118.Solbrig, O. T. et al. Globalization and Technology. Harvard University Press Cambridge, Massachusetts, 2014.Tietenberg, Thomas. Globalization Economics. Addison Wesley New York, 2011. pp. 561. pp. 7-11.Internet Sources Consulted Globalization. - subject field Geographic Education. National Geographic, n.d. Web. 14 May 2015. LONDON. When Did Globalisation Start? The economist. The Economist Ne wspaper, 23 Sept. 2013. Web. 15 May 2015.Globalization. Defination & Example. Investing Answers, 2001-2014. Web. 15 May 2015.Olivero, Tina. Globalization Understanding the Impact of Globalization on Our World. Global Oil and fluff Industry News. 29 Nov. 2011. Web. 15 May 2015.Ager, Rob. Collative acquisition - Rob Ager. Collative Learning - Rob Ager. N.p., 2007. Web. 22 May 2015.Collins, Mike. The Pros And Cons Of Globalization. Manufacturing . Net. Saving American Manufacturing, 28 June 2010. Web. 26 May 2015.Fitzpatrick, Liam. The Best of Asia. Time. Time Inc., 27 Apr. 2007. Web. 26 May 2015.