A Seminar Paper

on
“Poverty or Development- Globalization in the Post-modern Era”

Course Code: SCW-413

Course Title: Globalization and Social Work

Prepared and Submitted by

Seminar Group- C
Fourth Year First Semester Examination 2023
Session: 2019-2020

Department of Social Work

Shahjalal University of Science and Technology, Sylhet

Syeda Sultana Parveen

Submitted to: Professor
Department of Social Work
Shahjalal University of Science and Technology, Sylhet.

Registration no Name of Group Member

2019233034 NAHID AZAD PAVEL

2019233036 SYED GULAM NOBIN

2019233040 FARJANA AKHTAR RIMI

Submitted By: 2019233043 MARJIA SULTANA PINKI

2019233051 TASNIM AKTER CHOWDHURY

Seminar Group- C
2019233055 K. M. SHAHADOT HOSSAIN

2019233057 NUSRAT JAHAN EMA

2019233062 MD. RUVIAN RAHMAN SHAN

2018233069 TANJINA JAMAN ROCHI

2019233085 NAJMUN ARA SULTANA RIPA

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Contents

Introduction 3
Background of Globalization and Its impact on poverty and development 3
Impact of Globalisation on Development 4
● Economic and Trade Processes Field 4
● Education and Health Systems 5
Access to Information and Technology 7
Culture Effects 7
Impact of Globalisation on Poverty 8
Positive effects of globalisation on poverty include: 9
1. Economic growth: 9
2. Increased access to markets: 9
3. Innovation and technological diffusion: 9
4. Increased foreign direct investment: 9
5. Improved governance and institutions: 9
Negative effects of globalisation on poverty include: 9
1. Increased income inequality: 9
2. Job displacement and unemployment: 10
3. Vulnerability to economic shocks: 10
4. Dependence on foreign aid: 10
5. Environmental degradation: 10
Challenges of Globalisation 10
Opportunities of Globalisation 11
Bangladesh's garments sector as a case of Globalization 13
Conclusion 15
Reference 16
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Poverty or Development- Globalization in the Post-modern Era

Introduction

Globalization refers to the process of increased interconnectedness and interdependence

among countries, economies, cultures, and societies worldwide. It involves the exchange of
goods, services, ideas, information, technologies, and people across national borders.
Sociologists Martin Albrow and Elizabeth King define globalization as "all those processes
by which the people of the world are incorporated into a single world society."

Postmodernism, often referred to as postmodernity, emerges as a sociological theory and

intellectual movement in response to the dominance of modernity. It signifies a departure
from old beliefs and a new era of cultural exploration. In today's interconnected world,
globalization brings people, ideas, and goods together, fostering both cultural exchange and
economic opportunities. However, it also brings challenges like cultural blending and
economic inequality. Globalization impacts poverty in diverse ways. While it creates jobs and
improves access to goods, it also widens the gap between the rich and the poor, exacerbating
poverty for some. Similarly, globalization influences development by promoting economic
growth and technological progress. Yet, it also poses challenges such as environmental harm
and cultural uniformity, affecting different regions and sectors differently.

Background of Globalization and Its impact on poverty and development

Globalization is the new word that has come to dominate the world since the nineties of the
last century. Globalization means different to different people. For some people, it is the
movement of language, ideas, people, and products around the world. Others see it as the
dominance of multinational corporations and the destruction of cultural identities. It has
different effects on the different peoples and communities of developed and developing
countries, cities, suburbs, men and women. Globalization has emerged as an irresistible force
to sway the economic, social and cultural activities to all states of the world.
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The preceding section has argued that the modest growth acceleration that occurred in the
1990s was led by small and medium enterprises in the non-farm non-tradable sectors.
Furthermore, as these enterprises created new opportunities for wage employment, the rural
poor benefited more than before since wage employment is more rewarding for them than the
petty self-employment in which they have traditionally been engaged when looking for
alternative employment opportunities outside agriculture. As a result, growth acceleration
translated into a faster rate of poverty reduction as well. Development requires a fundamental
lifestyle change of people. A fully broken detachment from the past requires a major
reorientation of public and private behavior and mentality. The challenge lies in linking
economic growth with social issues and positioning the environmental degradation. The
process of globalization is connected with environmental degradation, which is now extended
as a concept of threat and security, considered individually and in connection. It has already
started recognizing new global threats from non-state groups and individuals. Security is
being defined to include, among others, the wars between and within states, international
organizations of organized crime, nuclear weapons development, poverty, viral diseases,
climatic events, and environmental degradation.

Impact of Globalisation on Development

The relationship between globalisation and development is contested. For some, globalisation
is a powerful force for poverty reduction and has led to leaps in life expectancy and other key
dimensions of development. For others, globalisation has negative implications and is seen as
a source of growing inequality, poverty, unemployment, and environmental destruction.
‘Globalisation and development’ considers the important aspects of globalization that have an
impact on development: global financial flows and different types of financial investment; the
promotion of equitable trade for developing countries; technological progress; international
regulation and cooperation to prevent transfer pricing and tax avoidance; and the impact of
international migration and the rise of refugees due to civil war and genocide. (Goldin, 2018)
It has a lot of benefits in our daily life. Globalisation has created new opportunities for
developing countries. There are multifaceted impacts of globalisation on development. Some
of the key aspects are described below:
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● Economic and Trade Processes Field

Globalisation has facilitated increased trade and investment flows between countries, leading
to economic growth in many parts of the world. Globalisation helps developing countries to
deal with the rest of the world and increase their economic growth, solving the poverty
problems in their country. In the past, developing countries were not able to tap on the world
economy due to trade barriers. However, with globalisation the World Bank and International
Management encourage developing countries to go through market reforms and radical
changes through large loans. Many developing nations began to take steps to open their
markets by removing tariffs and freeing up their economies.

The developed countries are able to invest in the developing nations, creating job
opportunities for the poor people. It is clear to see that globalisation made each country
depend on another country. According to Thirlwall (2003:13) ," Developing countries depend
on developed countries for resource flows and technology, but developed countries depend
heavily on developing countries for raw materials, food and oil, and as markets for industrial
goods". One of the most important advantages of globalisation are goods and people being
transported easier and faster as a result free trade between countries has increased, and it
decreased the possibility of war between countries.

However, globalisation has many economic and trade advantages in developing countries. We
must also note the many disadvantages that globalisation has created for poor countries. One
reason globalisation increases the inequality between the rich and poor, the benefits of
globalisation is not universal; the rich are getting richer and the poor are becoming poorer.
Many developing countries do benefit from globalisation but then again, many of such
nations do lag behind. In the past two decades, China and India have grown faster than the
already rich nations. However, countries like Africa still have the highest poverty rates, in
fact, the rural areas of China which do not tap on global markets also suffer greatly from such
high poverty. On the other hand, developed countries set up their companies and industries in
developing nations to take advantage of low wages and this causing pollution in countries
with poor regulation of pollution. Furthermore, setting up companies and factories in the
developing nations by developed countries affects the economy of the developed countries
badly and increases unemployment.(Hamdi, 2021)
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● Education and Health Systems

Globalisation has significantly influenced education and health systems around the world.
Health and education are basic objectives to improve any nation, and there are strong
relationships between economic growth and health and education systems. Through growth in
economic, living standards and life expectancy for the developing nations certainly get better.
With more fortunes, poor nations are able to supply good health care services and sanitation
to their people. In addition, the governments of developing countries can provide more
money for health and education to the poor, which leads to decrease the rates of illiteracy.
This is seen in many developing countries whose illiteracy rate has fallen recently. It is truth
that the living standards and life expectancy of developing

countries increase through economic gains from globalisation. According to the World Bank
(2004) " With globalisation, more than 85 percent of the world's population can expect to live
for at least sixty years and this is actually twice as long as the average life expectancy 100
years ago".

In addition, globalisation helped doctors and scientists to contribute to discovering many

diseases, which were spread by humans, animals and birds, and it helped them to create
appropriate medicines to fight these deadly diseases. For example, HIV/AIDS, swine flu and

bird flu whole world knows about these diseases and they know how to avoid it. By
globalisation, there are many international organisations, such as, Non-governmental
Organization (NGO), World Health Organization (WHO) and UNESCO, trying to eliminate
illiteracy and deadly diseases in the world and save lives. In spite of these positive effects of
globalisation to the education and health fields in the developing countries.

However, globalisation could have negative impacts also in these fields; globalisation
facilitates the spread of new diseases in developing nations by travellers between countries.
Due to increased trade and travel, many diseases like HIV/AIDS, Swine Flu, Bird Flu and
many plant diseases are facilitated across borders, from developed nations to the developing
ones. This influences the living standards and life expectancy of these countries. According
to the World Bank (2004) "The AIDS crisis has reduced life expectancy in some parts of
Africa to less than 33 years and delay in addressing the problems caused by economics".
Another drawback of globalisation is, globalised competition has forced many skilled
workers where highly educated and qualified professionals, such as scientists, doctors,
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engineers and IT specialists, migrate to developed countries to benefit from the higher wages
and greater lifestyle prospects for themselves and their children. This leads to decreased skills
in developing countries.(Hamdi, 2021)

Access to Information and Technology

Globalisation has facilitated the spread of information and technology, narrowing the gap
between developed and developing countries. Increased access to communication
technologies and the internet has empowered individuals and communities, enabling them to
participate in the global economy and access educational and entrepreneurial opportunities.

Globalisation has fueled the growth of e-learning platforms that leverage technology to
deliver educational content and facilitate remote learning. For example, platforms like Zoom,
Google Classroom, and Moodle enable educators to conduct virtual classrooms, share
resources, and engage with students in real-time, overcoming geographical barriers to
education. However, challenges such as the digital divide, privacy concerns, and
technological infrastructure gaps must be addressed to ensure equitable access and maximize
the benefits of these advancements.

Culture Effects

Globalisation has fostered cultural exchange and diversity by facilitating the movement of
people, ideas, and cultural products across borders. While this can lead to the homogenization
of cultures in some cases, it also promotes cultural awareness and appreciation, enriching
societies with new perspectives and experiences.

Many developing countries' cultures have been changed through globalisation, and have
become imitated by other cultures such as America and European countries. Before
globalisation it would not have been possible to know about other countries and their
cultures. Due to important tools of globalisation like television, radio, satellite, and the
internet, it is possible today to know what is happening in countries such as America, Japan,
and Australia.
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Moreover, people worldwide can know each other better through globalisation. For example,
it is easy to see more and more Hollywood stars showing cultures different from America. In
addition, today we can see clearly a heavy effect caused by globalisation to the young people
in different poor nations, it is very common to see teenagers wearing Nike T-Shirts and
Adidas footwear, playing Hip-Hop music, using Apple iPads and iPhone,s and eating at
MacDonald, KFC, and Domino's Pizza. It looks like you can only distinguish them by their
language. On the other hand, many developing countries are concerned about the rise of
globalisation because it might lead to the destruction of their own culture, traditional identity,
customs, and language. Many Arab countries such as Iraq, Syria, Lebanon, and Jordan, as
developing countries, have been affected negatively in some areas, their cultures, customs
and traditions have been changed. They wear and behave like developed nations, a few
people are wearing the traditional clothes that they used.

Furthermore, globalization leads to the disappearance of many words and expressions from
the local language because many people use English and French words. In addition, great
changes have taken place in family life, with young people trying to leave their families and
live alone when they get 18 years old, and the extended family tends to become smaller than
before.

In a Nutshell, the impact of globalisation on development is complex and multifaceted, with

both positive and negative consequences. While globalisation has the potential to accelerate
development and improve living standards, it also poses challenges that require effective
governance, cooperation, and sustainable development strategies to address.

Impact of Globalisation on Poverty

Globalisation has been a complex and multifaceted phenomenon that has had both positive
and negative effects on poverty worldwide. The impact of globalisation on poverty is a
contentious issue, with various studies and theories presenting different perspectives on the
relationship between the two.
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Positive effects of globalisation on poverty include:

1. Economic growth:

Globalisation can stimulate economic growth by increasing trade, investment, and

competition. This growth can lead to increased employment opportunities, higher incomes,
and reduced poverty (Dollar & Kraay, 2004; Sachs & Warner, 1995).

2. Increased access to markets:

Globalisation provides developing countries with access to larger markets, allowing them to
export goods and services and increase their economic prospects. This can lead to increased
economic opportunities and reduced poverty (Krueger, 1983; Nissanke & Thorbecke, 2006).

3. Innovation and technological diffusion:

Globalisation can facilitate the diffusion of new technologies and innovations from developed
to developing countries, which can improve productivity and reduce poverty (Agénor, 2004).

4. Increased foreign direct investment:

Globalisation can attract foreign direct investment, which can lead to increased economic
growth, job creation, and poverty reduction (Nissanke & Thorbecke, 2006).

5. Improved governance and institutions:

Globalisation can lead to improved governance and institutions in developing countries,

which can help reduce corruption, increase transparency, and promote economic growth and
poverty reduction (Agénor, 2004).

Negative effects of globalisation on poverty include:

1. Increased income inequality:

Globalisation can lead to increased income inequality within countries, as those who are
already well-off tend to benefit more from trade liberalisation and increased economic
opportunities (Rodriguez & Rodrik, 2000).
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2. Job displacement and unemployment:

Globalisation can lead to job displacement and unemployment in certain sectors, particularly
in industries that are not competitive in the global market (Bardhan, 2006).

3. Vulnerability to economic shocks:

Globalisation can make developing countries more vulnerable to economic shocks, such as
changes in global commodity prices or trade policies, which can exacerbate poverty
(Nissanke & Thorbecke, 2006).

4. Dependence on foreign aid:

Globalisation can lead to a dependence on foreign aid, which can create a culture of
dependency and hinder economic development and poverty reduction (Bardhan, 2006).

5. Environmental degradation:

Globalisation can lead to environmental degradation, particularly in developing countries

where environmental regulations may be weaker, which can negatively impact the poor and
exacerbate poverty (Bardhan, 2006).

In the end, the effects of globalisation on poverty are complex and multifaceted. While
globalisation can stimulate economic growth, increase access to markets, and promote
innovation, it can also lead to increased income inequality, job displacement, and
vulnerability to economic shocks. Therefore, it is essential to implement policies that mitigate
the negative effects of globalisation and promote sustainable economic development and
poverty reduction.

Challenges of Globalisation

While globalization offers many benefits, it’s not without inconvenience. In the postmodern
era, globalization presents various challenges that businesses and societies need to address.
Some of the key challenges include:
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1. Growing Inequality: While globalization has led to economic growth in many

countries, it has also exacerbated income inequality within and among nations.
2. Cultural Erosion: Globalization can lead to the erosion of traditional cultures and
values as western ideals and consumerism become more prevalent.
3. Environmental Degradation: Increased global trade and industrialization can lead to
environmental degradation, including pollution and resource depletion, which
disproportionately affects developing countries.
4. Increased Risk Exposure: Globalization elevates the risk exposure for businesses,
encompassing economic unpredictability, political turbulence, and market volatility.
5. Regulatory Complexities:The interconnection of global markets presents regulatory
hurdles for companies, necessitating the navigation of diverse legal frameworks and
compliance obligations spanning multiple countries.
6. Supply Chain Disruptions: Globalization may result in supply chain disturbances
caused by various factors such as geopolitical conflicts, natural calamities, or
unforeseen occurrences, affecting the movement of goods and services.
7. International Recruiting: companies encounter difficulties in recruiting talent
globally, grappling with issues like differing labor regulations, cultural distinctions,
and language obstacles.
8. Managing Employee Immigration:Companies expanding globally face obstacles
posed by immigration laws and visa regulations, compelling them to maneuver
through intricate immigration procedures and evolving policies.
9. Tariffs and Export Fees:When selling products overseas, businesses incur extra
expenses such as tariffs and export charges, impacting profit margins and market
competitiveness.

Additional globalization challenges in development include the digital divide, sovereignty

threats, labor exploitation, brain drain, financial market volatility, debt burdens, health risks
etc.

Opportunities of Globalisation
Globalization opportunities have expanded in the post-modern era due to advancements in
technology, communication, and transportation. Businesses can reach wider markets, access
diverse talent pools, and benefit from cross-cultural collaborations. Additionally, digital
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platforms offer new avenues for international trade and exchange of ideas. Globalization
offers numerous opportunities across various sectors:

1. Market Expansion: Access to new markets and customers worldwide allows

businesses to grow and diversify their revenue streams Globalisation provides
developing countries with access to larger markets for their goods and services.
Export-oriented growth strategies can help countries diversify their economies
increase competitiveness and greater revenue for development initiatives.
2. Cost Efficiency: Globalization enables companies to source materials and labor from
regions with lower costs, increasing efficiency and competitiveness. It attracts foreign
direct investment (FDI) to developing countries which can stimulate economic.
Development creates employment opportunities and fosters Technology transfer and
knowledge spillovers.
3. Talent Acquisition: Access to a global talent pool allows organizations to recruit
skilled professionals from diverse backgrounds, fostering innovation and creativity.
4. Knowledge Sharing: Globalization facilitates the exchange of knowledge, ideas, and
best practices across borders, leading to improved processes and outcomes.It
facilitates access to information, and education through digital technologies and
communication. This can empower individuals and communities with knowledge and
skills to participate in economic, social, and political processes, leading a greater
inclusion and opportunities for development. Post-modern globalization emphasizes
the exchange of knowledge and expertise, with opportunities in education, research,
and high-tech industries
5. Technological Innovation: Collaboration among global partners drives technological
innovation and the development of new products and services. It facilitates the
exchange of knowledge, technology, and practice across borders. Developing
countries can leverage advancement in Technology to improve productivity, and
efficiency in various sectors including agriculture, healthcare, and education.
6. Investment Opportunities: Globalization provides access to international investment
opportunities, allowing companies to diversify their portfolios and mitigate risks.
Overall, globalization creates a dynamic environment where businesses can thrive
through increased connectivity and opportunities. post-modern era, globalization
opportunities have evolved to include:
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7. Economic Growth: Globalization opens up markets and promotes trade and

investment, which can stimulate economic growth in developing countries Increasing
economic activity creates job opportunities.boosts income and lifts people out of
poverty.
8. Digital Transformation and Global Partnership: Advancements in technology
have enabled digital globalization, with opportunities in e-commerce, digital services,
and remote work, allowing businesses to reach global markets more efficiently. It
fosters partnership and collaboration among governments international organizations,
civil society, and the private sector. Multilateral initiatives and cross-border
co-operatives can mobilize resources, share expertise, and co-operatives efforts to
address common challenges such as poverty, health and climate change.
9. Sustainable Development: Globalization provides a platform for global advocacy
and action on sustainable development goals.By aligning national and international
co-operatives with SDGs.There's a growing focus on sustainable globalization, with
opportunities in renewable energy, green technologies, and eco-friendly products and
services to address environmental challenges.
10. Inclusive Growth: Post-modern globalization aims for inclusive growth, with
opportunities to address social inequalities, empower marginalized communities, and
promote diversity and inclusion in global business practices.

Role of Governments and International Organizations

In the postmodern era, characterized by the rapid spread of globalization, the role of
governments and international organizations is paramount in addressing issues of poverty and
fostering development worldwide. Governments play a crucial role in formulating policies
that either promote or hinder the effects of globalization on poverty and development within
their borders. International organizations, on the other hand, provide platforms for
cooperation, financial assistance, and policy guidance to help countries navigate the
challenges and opportunities presented by globalization.

Role of Governments:

1. Formulating policies to ensure that globalization benefits all segments of society,

including marginalized communities.
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2. Regulating international trade and investment to protect domestic industries and

workers from unfair competition.
3. Investing in education, healthcare, and social welfare to mitigate the negative impacts
of globalization, such as job displacement and income inequality.
4. Strengthening institutions and governance structures to better manage the challenges
posed by globalization, such as financial volatility and cross-border crime.

Role of International Organizations

1. Facilitating dialogue and cooperation among nations to develop global standards and
regulations that promote fair and sustainable globalization.
2. Providing technical assistance and financial support to help countries integrate into
the global economy and adapt to the challenges of globalization.
3. Monitoring global economic trends and advocating for policies that prioritize
inclusive and sustainable development.
4. Acting as a platform for multilateral negotiations and dispute resolution to address the
conflicting interests that arise from globalization.

Bangladesh's garments sector as a case of Globalization

The garment sector is the most vital example of Bangladesh's experience with globalization
during the postmodern period and its impact on poverty and development. Bangladesh's
journey with globalization are traced back then when the country embarked on economic
reforms, liberalizing trade policies, and opening up to foreign investment. Fueled by factors
such as trade liberalization, outsourcing by multinational corporations, and a competitive
labor force, Bangladesh emerged as a major player in the global apparel market. The
garments industry became the backbone of Bangladesh's economy, contributing significantly
to GDP growth, export earnings, and job creation. For instance, the export value of garments
increased from $120 million in 1983-84 to over $25 billion in 2019-20. The growth of the
garments industry played a crucial role in poverty reduction in Bangladesh. By providing
employment opportunities to millions of workers, particularly women from rural areas, the
industry lifted many out of poverty. However, Bangladesh's experience with globalization has
not been without challenges. The garments industry, while creating employment
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opportunities, also faced issues such as labor rights violations, workplace safety hazards, and
environmental degradation. Moreover, the benefits of globalization have not been evenly
distributed, leading to income inequalities and disparities between urban and rural areas. The
worker's health, safety, and working conditions are very poor and not protected. There is a
lack of regular inspection and compliance with local laws in buildings and factories. RMG
workers make garments for multinational brands in Australia, Europe, and USA, and the
advantage which took these companies of the absence of labor laws, workplace health and
safety standards, building standards, long working hours and low wages in Bangladesh In
recent years, Bangladesh has made efforts to diversify its export base beyond garments and
textiles. Industries such as pharmaceutical companies like Beximco becoming major players
in the global market, information technology, and agriculture have emerged as new drivers of
economic growth, contributing to greater resilience against external shocks and market
fluctuations. Alongside economic growth, Bangladesh has also made strides in social
development indicators such as education, healthcare, and gender equality. Investments in
education and healthcare, coupled with initiatives to empower women and marginalized
communities, have improved human capital and quality of life across the country. Here are
some real examples of challenges and opportunities faced by individuals in Bangladesh's
garment industry:

1. Labor Rights Violations: The collapse of the eight-story Rana Plaza building in the
capital Dhaka on the 24th of April 2013, “killing 1,100 workers and 2,500 injured. The
incident shed light on the hazardous working conditions and lack of safety regulations within
the industry, sparking global outrage and calls for reforms.

2. Workplace Safety Hazards: Factory fires have been a recurring issue in Bangladesh's
garments industry. For example, the Tazreen Fashions factory fire in 2012 claimed the lives
of over 100 workers, highlighting the urgent need for improved fire safety measures and
enforcement of building codes.

3. Environmental Sustainability Concerns: The textile dyeing industry in Bangladesh has

been implicated in polluting waterways and causing health hazards for local communities.
The water of Buriganga is pestiferous. Efforts to address these concerns include initiatives
like the Bangladesh Accord on Fire and Building Safety and the Bangladesh Water PaCT
(Partnership for Cleaner Textile), aimed at improving environmental practices in garment
factories.
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4. Overreliance on Low-skilled Labor: While Bangladesh's garments industry has

provided employment opportunities for millions, workers often face low wages and limited
prospects for upward mobility. Investing in skills training and education programs can help
empower workers to access higher-paying jobs and improve their socioeconomic status.

5. Value Addition and Diversification: Some garment manufacturers in Bangladesh have

started producing higher-value-added products, such as tailored garments and eco-friendly
clothing lines, to cater to niche markets and command premium prices, thereby enhancing
profitability and competitiveness.

6. Market Expansion and Product Differentiation: Bangladesh's garments industry has

diversified its export markets beyond traditional destinations like the US and Europe. For
instance, partnerships with e-commerce platforms have enabled Bangladeshi garment
manufacturers to tap into emerging markets in Asia and Africa, expanding their customer
base and revenue streams.

In conclusion, the garments industry in Bangladesh epitomizes the multifaceted nature of

globalization's impact, mystical opportunities for economic advancement with challenges of
social and environmental sustainability. As Bangladesh continues to navigate the
complexities of globalization, leveraging the industry's potential while addressing its
shortcomings will be crucial for ensuring sustainable and equitable development. By
fostering a conducive environment for responsible and inclusive growth, Bangladesh can
maximize the benefits of globalization while mitigating its adverse effects, charting a path
toward shared prosperity and resilience in the global economy.

Conclusion
Globalization is like a coin with two sides. On one side, it brings countries together, making it
easier for people to share ideas, do business, and learn from each other. This has helped many
people get out of poverty and has made some places much richer and more developed. But
the other side of globalization can be tough. It can make the rich richer and the poor poorer,
and sometimes it hurts the environment and local cultures. Not everyone gets to enjoy the
good things that come from being more connected to the world.
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So, when we think about globalization, especially in our modern times, we need to be smart
about it. We can't just look at the money and the growth; we have to make sure that the good
things reach everyone and that we take care of our planet too.

In the end, globalization is not just about making more money or building bigger cities. It's
about making sure that everyone, no matter where they are, can have a better life. It's about
working together to make sure that as the world gets more connected, we all get to share in
the benefits.

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