Economics of Social Issues

Introduction

Over the past decades, globalization has gained importance as a factor responsible for growth of Poland’s economy and other economies across the globe. Poverty is the major problem facing many nations in the 21st century. Globalization has greatly influenced the poverty level, inequalities within and across nations. This paper therefore discusses how globalization has affected poverty rate in Poland and how it has influenced the inequalities across nations and in Poland (Harrison, 2007).

Poverty in Poland

In Poland globalization has greatly assisted in reducing poverty in several ways. Globalization has assisted Poland to integrate with other economies in the world. The integration of Poland economies with developed nation’s economies such as the United States of America economies and United Kingdom economy has been greatly enhanced by globalization. Due to globalization, Poland has also enhanced interconnectedness with other developing nations such as Czech Republic and Slovakia. The integration has made Poland to easily trade and share with other developed and developing nations. This therefore has really assisted in reducing poverty in Poland. The integration has caused Poland economy to grow very first and thus reducing poverty in this economy (Harrison, 2007).

Globalization has resulted into increased world trade. For the past years Poland has enhanced its share of the world trade by a great margin due to economic integration. Trade particularly in Poland has improved dramatically due to increased demand for manufactured goods that has been brought about by globalization. Poland is currently concentrating in manufacturing and production of textile, chemical, machinery, steel, iron, fertilizers, petrochemicals, electrical machinery, machines tools, electronics, car manufacturing and shipbuilding. Therefore, due to globalization, the market for these products has greatly increased. The increased market has resulted into reduction of unemployment in Poland since many people are employed in industries producing these products, thus reducing poverty in the nation (Dinopoulos, 2008).

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