Does Globalization Mainly Aid the Poor or the Rich in the World

question 67

Essay

Does globalization mainly aid the poor or the rich in the world? Examine the merits of various perspectives on this question and indicate your own views on the existing evidence.

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Definitions:

Income Distribution

The way in which a country's total economic output is divided among its population, or the share of national income earned by each quintile or group of the population.

Bottom Fifth

A term often used in income distribution to refer to the lowest 20% of income earners in a given population.

Top Fifth

Typically refers to the highest 20% of earners or performers in a given distribution, often used in discussions of income inequality.

Income Equality

Income equality refers to a situation where earnings are distributed evenly across the population, minimizing disparities between the richest and poorest individuals.