Home / Business / The Defeat of Global Poverty Is Capitalism’s Triumph

The Defeat of Global Poverty Is Capitalism’s Triumph

This article by Marian J Tupy discusses globalization and its effect on global poverty. The author highlights the rise in worldwide standard of living that comes along with globalization, as well as the drop in poverty that is associated with economic growth. Historical background is given to emphasize the role that modern globalization plays in today’s eradication of poverty.

I agree with the points that Tupy makes in the article. Global trade and entrepreneurship is obviously instrumental in lifting people out of poverty, and expanding global commerce, rather than restricting it, should be a primary goal of the international community throughout the 21st century.

The article relates to class because it discusses the impact of a globalized economy, while reminding readers to remember the role that private firms play in expanding the global economy, and bringing prosperity to every part of the world.

http://news.investors.com/ibd-editorials-viewpoint/100915-774968-thanks-to-free-markets-and-capitalism-poverty-is-plunging-around-the-world.htm?fromcampaign=1&p=2

globalization-globe

About tzanger

Check Also

Globalization and Everyday Life – Leon Tsai

I wake up in the morning, to an alarm set on my iPhone, which was ...