Arguments against globalisation: Deepening poverty & inequality

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  • DEEPENING POVERTY & INEQUALITY
    • Globalisation has CAUSED the EMERGENCE of new & deepening ENTRENCHED PATTERNS of INEQUALITY
    • This makes globalisation a game of WINNERS & LOSERS
      • TNCs are the WINNERS
      • The DEVELOPING WORLD (LOW WAGES & WEAK REGULATION) are the LOSERS
    • Production is also INCREASINGLY ORIENTATED around GLOBAL MARKETS rather than domestic means
    • This makes economic globalisation a form of NEO-COLONIALISM
      • FORCES POOR COUNTRIES to OPEN THEIR MARKETS & RESOURCES to be EXPLOITED by RICH STATES
        • E.g. SENEGAL

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