Over the past decades, globalization has gained importance as a factor responsible for the growth of Poland’s economy and other economies across the globe. Poverty is a 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 the poverty rate in Poland and how it has influenced the inequalities across nations and in Poland.
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 the United Kingdom economy has been greatly enhanced by globalization. Due to globalization, Poland has also enhanced interconnectedness with other developing nations such as the 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. Globalization has resulted in increased world trade. For the past years, Poland has enhanced its share of world trade by a great margin due to eco