Resolved: On balance, economic globalization benefits worldwide poverty reduction.
This topic is great! It’s deep and intricate, and it should provide for some very interesting debates. It offers debaters and opportunity to learn a lot and develop creative positions.
Economic Globalization – You can find a definition of economic with a quick Google search. Let’s talk about what globalization looks like. It involves countries opening their borders and their economies to each other. Open trade, digital commerce, linked currencies, and dependent markets are all hallmarks of a globalizing economy. Globalization is much more possible in the modern world because of digital commerce. Ali Baba is a great example of how the internet allows suppliers and distributors to connect on a global scale. The question the resolution asks is whether or not this globalization reduces poverty across the world.
1. Micro Lending and Currency Access – Globalization allows for global micro lending and impoverished individuals to have access to foreign currencies with much greater purchasing power. Platforms like Kiva are a direct product of economic globalization and directly demonstrate a tangible impact on poverty reduction. $25 USD goes much farther in Kenya than in does in the US, and a global economy allows that impact to be realized.
2. Education – With economic globalization comes global education. This includes business and economic education. Entrepreneurship is not only present in developed nations, but in impoverished parts of the world as well. Globalization allows the transfer of knowledge necessary to realize those entrepreneurial ambitions.
3. Awareness – Awareness is in itself a necessity to affect global poverty. If those with resources are not aware of what’s going on in other parts of the world, then those problems cannot be resolved. A global economy allows for that awareness.
1. Labor Rights – Many countries around the world do not protect labor rights. These policies mean that economic globalization give companies access to what effectively amounts to slave labor. This continues the oppression of poor labor markets, and it also takes jobs away from countries which protect labor rights. In this way, economic globalization actually exacerbates worldwide poverty.
2. Dependent Economies – In a global economy, struggling economic states bring down everyone else, and poor economies become dependent upon strong economies. The US financial crisis crippled economies across the world. It can be argued that Greece would not be in such bad shape if there wasn’t a global economy. Since strong economies are bound to have crises, economic globalization can actually increase global poverty.
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