Globalization, Poverty Inequality and Sustainable Livelihood Diversification in Third World Countries: A Review
16 Pages Posted: 1 Aug 2007
Date Written: 07/29/2007
It has been widely accepted that economic globalization is inevitable, and that globalization plays an increasingly important role in determining relative economic growth among nations. However, considerable studies have addressed that increase in globalization is directly or indirectly responsible for economic degradation due to welfare loss and poverty inequality. This paper discusses the third world's globalization process incorporating poverty inequality and reviews of livelihood diversification literature predominantly of Africa and Asia. The rural poor people particularly diversify their livelihood to survive in a risk-prone and uncertain world. In addition to this, rural people may find increasing opportunities to diversify - in some instances due to pull and push factors- their livelihood by engaging in non farming activities to increase income in the face of rising poverty pressures.
Keywords: Globalization, poverty inequality, Sustainable livelihood, third world countries.
JEL Classification: A10, A13, I13,
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