GJMB Navigation
About
Publication Ethics
Call For Paper
Guide to Authors
Editorial Board
Submit Manuscript
Articles
Viewing Options
[View Abstract]
[View Full Text PDF]
[View Full Text PDF]
Authors Articles on Google Scholar
Mohamed Khaidir Alias
Zanariah Zainal Abidin
Selina Dang Siew Ping
Azim Izzuddin Muhamad
Hardy Loh Rahim*
Authors Articles on Pubmed
Mohamed Khaidir Alias
Zanariah Zainal Abidin
Selina Dang Siew Ping
Azim Izzuddin Muhamad
Hardy Loh Rahim*
Preferences
Email this Article to a friend
Print this Article
Statistics
Viewed: 21,539
Forwarded: 2
Printed: 299
Downloaded: 6,901
Browse Journals By Category
Agriculture and Food Sciences
Biological Sciences
Education and Arts
Engineering
Environmental Sciences
Medical Sciences
Pharmaceutical Sciences
Physical and Natural Sciences
Social Sciences

Newsletters Subscription

Global Journal of Management and Business

Globalization and its effect on world poverty and inequality

Hardy Loh Rahim*, Zanariah Zainal Abidin, Selina Dang Siew Ping, Mohamed Khaidir Alias and Azim Izzuddin Muhamad

Accepted 4 June, 2014.

Citation: Rahim HL, Abidin ZZ, Ping SDS, Alias MK, Muhamad AI (2014). Globalization and its effect on world poverty and inequality. Global Journal of Management and Business, 1(2): 009-013.

Copyright: © 2014 Rahim et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are cited.

Abstract

Poverty is the world’s biggest challenge and the inequality of global wealth distribution is frightening. 80% of the 7 billion people in this world live less than $10 dollar a day and only 5% of global income was generated by the poorest 40% of the world population while 75% of the global income was generated by the wealthiest 20% of the world’s population. Numerous numbers of studies has been made linking globalization towards poverty and the issue has been debated and inconclusive. Thus, this paper discussed the two schools of thoughts regarding this matter - the optimists that believe globalization as the solution of poverty and inequality, and the pessimists that believe globalization as the cause of poverty and inequality.

Keyword: Globalization, poverty, inequality, pro-globalization, anti-globalization