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inequality and poverty within society. Globalization is the system of interaction among the
countries of the world in order to develop the global economy. Globalization refers to the
integration of economics and societies all over the world. Globalization involves technological,
Unemployment is define as everybody who can work, but is without a job (The
Business,2006, p. 6). Even in developed countries, unemployment rates may be high. When
people do not have work, they do not make any money; thus, high unemployment leads to high
levels of poverty. Availability of employment also tends to fluctuate, creating periods of high
joblessness (see Business Cycle). Countries such as Japan, South Korea, Singapore, Switzerland,
Unemployment figures during the 1990s in the United States and most of Europe, on the other
hand, ranged from about 5 percent to more than 20 percent. In countries with high populations,
unemployment levels of only a few percentage points mean that millions of working-age people
cannot find work and earn an adequate income. Because unemployment figures indicate only the
number of people eligible to work who have no job but are seeking employment, such figures are
not necessarily an accurate indicator of the number of people living in poverty. Other people may
not be able to find enough work or may earn wages too low to support themselves. The shortfalls
have been manifested in three important areas which are increased inequality of wages and
can refer to inequality among individuals, or among groups. Many experts agree that the legacy
of colonialism accounts for much of the unequal distribution of resources in the world economy.
In many developing countries, the problems of poverty are massive and pervasive. In recent
decades most of these countries have tried to develop their economies with industry and
technology with varying levels of success. Some nations have become fairly wealthy, including
the Republic of Indonesia, Malaysia, Singapore, South Korea, and Thailand. This will leads to
the rich become richer and poor getting poorer. As based on the income discrepancies between a
5th of the worlds population who live in the richest countries and a fifth who live in the poorest
countries was 30:1 in 1960, by 1997 it had been grown to 74:1. For example Bill Gates had boost
of $100 billion (almost the wealth of 40 million poor individuals around the world) as at July
1999. The consequences of poverty were increasing early mortality,diseases and malnutrition,
prostitution, child labor, displacement and force migration, the violence of social breakdown,
state social control and fractional war, acute risk and uncertainty, environmental degradation and
Poverty rate globally has increased owing to the global inequality and poverty in the
poorest developing countries over the past decades can be attributed to globalization. Around the
world, in rich or poor nations, poverty has always been present. In most nations today, inequality
—the gap between the rich and the poor—is quite high and often widening. The causes are
people and businesses with power and influence, or some combination of these and other factors.
Many feel that high levels of inequality will affect social cohesion and lead to problems such as
increasing crime and violence. Inequality is often a measure of relative poverty. Absolute
poverty, however, is also a concern. World Bank figures for world poverty reveals a higher
number of people live in poverty than previously thought. For example, the new poverty line is
defined as living on the equivalent of $1.25 a day. With that measure based on latest data
available (2005), 1.4 billion people live on or below that line. Furthermore, almost half the world
—over three billion people—live on less than $2.50 a day and at least 80% of humanity lives on