GROUP 3

(BSIT 1- BLK 1)

Presented by :
Jo-an Enriquez
Mary Grace Enriquez
Raymart Enriquez
John Christopher Eslava
Bryan Erasquin
Kai Andrew S Mosada
ECONOMIC GLOBALIZATION,
POVERTY, AND INEQUALITY
 HANS ROSLING
“ The 1 to 2 billion poorest in the world, who don't have
food for the day, suffer from the worst disease: globalization
deficiency. The way globalization is occurring could be
much better, but the worst thing is not being part of it. “
ECONOMIC GLOBALIZATION
• Economic globalization refers to the increasing interdependence of world
economies as a result of the growing scale of cross-border trade of
commodities and services, flow of international capital and wide and rapid
spread of technologies.
• Policies that promote free trade, open borders and international cooperation
all drive economic globalization. They enable businesses to access lower
priced raw materials and parts, take advantage of lower cost labor markets
and access larger and growing markets around the world in which to sell
their goods and services.
“SO WE ALL KNOW THAT ECONOMIC
GLOBALAZATION IS PART OF
TRADING”
• Some of traders in global market
was have cheap priced.
• they find the cheapest
“SOURCES”of leathers, dye ,
rubbers and of course labor.
• IN that process we creates
WINNNER and LOSSERS.
 THE QUESTION IS:
IF THE TRADERS WAS SEARCHING FOR CHEAP PRICE SO
WHY
IT BECOMCE CHEAPER AND CHEAPER IN AFTER MARKET?
MULTIPLIER EFFECTS
• The multiplier effect is an economic term, referring to the proportional
amount of increase, or decrease, in final income that results from an
injection, or withdrawal, of capital.
POVERTY
• The conventional notion of poverty is narrow--lack of essential goods and
services.
• A broader view of poverty encompasses non-income dimensions of poverty
such as education, health, prevalence of disease, gender equality, and access
to water and sanitation.
• A “capability approach” to well-being--poverty arises when people lack key
capabilities to function in the society in which they live.

INEQUALITY
• refers to the phenomenon of unequal and/or unjust distribution of resources and
opportunities among members of a given society.
POSSIBLE WAYS TO WORKERS TO NOT BE
HORRIBLY MISTREATED
• First, public awareness is growing along with the pressure from the
international community to take steps to protect workers.

For example, the United States produces an annual publication called the list
of goods produced by child labor or forced labor. If a company is buying
products from that list, they are likely to be blasted by officials and the
media. So, awareness is the first step to improvement.
• The second step comes from those that support globalization.

The pro-globalization set argues that as developing economies grow, there are
more opportunities for workers, which leads to more competition for labor
and higher wages.
MICROCREDIT
Microcredit is a common form of microfinance that involves an extremely
small loan given to an individual to help them become self-employed or grow
a small business. These borrowers tend to be low-income individuals,
especially from less developed countries (LDCs).
GLOBAL INCOME INEQUALITY
GLOBAL INCOME INEQUALITY
INCOME
new earnings that are constantly being added to the pile of a country’s
wealth

Income inequality
Is how unevenly income is distributed throughout a population. The less
equal the distribution, the higher income inequality is. Income inequality is
often accompanied by wealth inequality, which is the uneven distribution of
wealth.
GROSS DOMESTIC PRODUCT (GDP)
measures the monetary value of final goods and services—that is, those
that are bought by the final user—produced in a country in a given period of
time (say a quarter or a year). It counts all of the output generated within the
borders of a country.
TYPES OF INEQUALITY IN THE GLOBAL
LEVEL.
TYPES OF INEQUALITY IN THE GLOBAL
LEVEL.
 RICHARD FREEMAN
(2011)
“The triumph of globalization and market capitalism
has improved living standards for billions while
concentrating billions among the few”