Opposing Views On Globalization And Inequality

Gould says that globalization soften defined as social, political, and economic development of our time. According to Thomas Friedman, globalization can be characterized as the inevitable integration of markets, nation states, and technologies that to a degree never have been witnessed before in a way that is enabling individuals and corporations to reach around the world further and deeper then ever before. Freedmen argues that globalization will one day overwhelm old style politics which will lead to democratization. David Held views globalization as a multifaceted phenomenon, which is the growing interconnection of societies and states. Also, Ulrich Beck says that globalization “denotes the process through which sovereign nations and states

Although, poverty has decreased over the years, there is still a major gap between the rich and the poor. about 44 percent of the world population survives bellow the poverty line of 2 dollars per day. Pogo writes that the annual death toll arriving from poverty related cases is around 18 million of all human deaths. Although, poverty has been diminishing over the years, globalization still impacts poverty. It also impacts Inequality, Gould states that the richest people in the world are 20 percent of the world population and they receive 83 percent of the worlds total wealth. Also, the worlds poorest which is 20 percent of population receive less than 1.5 percent of wealth. Also income around the world has also been growing inequality amongst

According to Sethi, accountability also extends to a requirement for for corporations to correct its disproportionate bargaining power and information access by distribution of gains from power to workers and customers. Sethi also introduces democratic accountability to institutions of global governance. He wants institutions to adapt appropriate policies for diversity around the world. There is a need for global labor standards because of exploitation of labor such as, child labor, forced labor, sweatshop conditions, and long hours of work. This type of labor is ethically unacceptable and needs to be regulated internationally. These work conditions are violations of human rights. Contemporary labor movements want to adapt a range of mini,al labor standards that could mitigate harms caused from globalization. These standards will equalize playing field amongst workers in various