There are many people protesting about globalization and its effects,
they say globalization creates poverty. However all countries were poor at some
point and it is in this new modern era that countries are managing to get past
this and bring in new income and have new wealth. This is due to globalisation.
In the past 50 years, 3 billion people have been lifted from poverty. This is
unique and down to global capitalism. Poverty is on the way out in countries
that were some of the poorest years ago. These countries let globalization
occur. Counties that used to be poor – such as the capital of Taiwan - have
thrived and become as rich as the greater countries and today poverty in
virtually extinct. In Taiwan the lands where poor farmers worked were bought by
the Government and given to the farmers, these farmers grew crops and sold them
to the locals for food, this way money stayed in the country and the economy
grew and the land because richer. As these farmers grew richer they built mills
and they built more and more as they brought in more and more money making the
country and people richer, rich enough to sell things abroad and bring in money
from other countries.
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