They face problems with their economic growth and jobs. They also have problems with mining, cost of living, delivery of services and also corruption.
I looked to the National Bureau of Economic Research, who recently published Globalization and Poverty. Here’s what I found out:
Some studies show that globalization has been associated with rising inequality, because the poor do not always share in the gains from trade. An example of this is the coffee trade. Coffee is the second most traded commodity in the world, yet most of its growers only make 10% of what it eventually sells for. However, when farmers have access to credit, technical know-how, and social safety nets such as income support, trade can benefit the world’s poor.
The book argues that export growth and incoming foreign investment have proven to reduce poverty. But, at the same time, trade and foreign investment alone are not enough to alleviate poverty. Increasing access to education and credit, as well as improved infrastructure, are necessary in order to see real progress. Echoing that idea, Harrison concludes that globalization can benefit people living in extreme poverty, but only if the appropriate complementary policies and institutions are in place.
<span>Ethiopia and Eritrea
</span>Eritrea became part of a federation with Ethiopia, the Federation of Ethiopia and Eritrea<span>. Subsequent </span>annexation<span> into Ethiopia led to the </span>Eritrean War of Independence, ending with Eritrean independence following a referendum<span> in April 1993. </span><span>
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