Globalization as a way out of the poverty trap (Part 1)

The impact of globalization is hotly debated for years. I think it is an undeniable fact. In fact, we can say that this is one perfectly normal and logical phenomenon. Critics claim that globalization; the gap between rich industrial countries and poor developing countries would continue to grow. There is no doubt, there is still in some parts of the worldwide poverty. Nevertheless, make globalization would be responsible, questionable. On the contrary, the globalization process offers the opportunity to grow out of poverty. The World Bank measures poverty in developing countries by means of an absolute definition of poverty. Therefore classed as poor, whom less than 1.25 dollars per day are available. It is encouraging that the number of poor people decreased in the period 1981 to 2005 to over 500 million.

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