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Does the gap between rich and poor countries widened?

Nowadays globalisation is on everyone’s lips. By measuring the historical intensity of international economic links, the World Bank has identified that between the two World Wars and through the Great Depression the global poverty rose strongly and inequality widened. It seems due to colonialism and the exploitation of raw materials, which ensured the benefits to the colonising powers at the expense of colonised countries. Then, the liberalization and opening of trade across borders led to the globalisation. But, maybe the last phase of globalisation, which began after the election of Margaret Thatcher, and Ronald Reagan, gives the better definition of this phenomenon: the free market.

The XXI century shows the considerable gap between the rich and the poor and it is commonly admitted that it is due to globalisation. But, since its apparition we can see a lot of improvements in the richest countries but also in the developing countries. How does globalisation influence the market and the way of living of the people? Unfortunately, globalisation has also its limits; many organisations try to reduce the inequalities without any real success. But, can we be totally pessimistic and saying that globalisation can’t improve, or on t


Then, all summits end up being a failure. During the Uruguay Round, developing countries had expected to benefit significantly from increased access to markets of developed countries for products in which they had a comparative advantage. However, several years later, the developing countries are complaining because they have not received the expected benefits as the implementation of the commitments of the developed countries never materialized. They were supposed to get a special treatment from the developed countries, but again, they are frustrated because they have still not seen any benefits. The Agriculture Agreement continues to be too highly protected which disfavours the poor and the market access are not open to let developing countries export their goods. After the last summit in Cancun, where rich and poor countries disagreed because they had different agendas, lead the developing countries to form a new organisation: G22 whose leading countries are Brazil and India.

Some topics in this essay:
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Approximate Word count = 6472
Approximate Pages = 26 (250 words per page double spaced)


  

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