International development studies midterm Essay

International development studies midterm - Essay Example degenerative poverty, on the other hand is the poverty that persists in a peoples lifetime (Hulme and Shepherd, 403). consort to the world poverty index, extreme poverty is experienced when a person spends less than one dollar bill a day in both expenditure and consumption. Severe poverty, nevertheless, involves spending less than 0.7 dollars a day. degenerative poverty combines these two poverty lines and often transmits this style to generations that follow.Globalization involves the rapid and equal growth of the perfect world through mechanisms that enhance interaction, trade and therefore enhancing global prosperity. With the existence of chronic poverty, many ontogenesis countries find it difficult to provide quality health services to the many citizens who live in deprive states. The globalization trend aims at encouraging unusual investments in an individual country, and this has been the trend for many developin g countries.Pushed by the need to provide employment and improve the tax revenue for provision of quality societal services to the populations, many developing countries have embraced foreign investments from the first class economies. These investors argon well awake of the desperate state of the poor people in these countries, hence putting in place industries that are labor intensive but offering poor remuneration for the laborers working in these industries. This represents inequality in the treatment of the markets, as in foreign countries the working conditions are adhered to buy the foreign investors (Ellis, 15). However, globalization helps in creating the much-needed social assistance that involves elevating the poorest people towards achieving better living standards.With the rise in globalization, the poor people are able to receive income that is in turn generated towards investment programs that are initiated by the foreign investments. Besides, the investments by fo reign companies in developing countries enables these countries to