Economic and Financial Committee Essay

This letter is to address the rig gap surrounded by the rich and poor in develop nations, and how globalization policies become a situation that lessens that gap. In many developing countries in that respect is simply a poor circle and a rich class. developed nations are characterized by the presence of a put class. The middle class bridges the gap between rich and poor, and when developing nations can cook a fully functioning middle class within their societies, the contrasts between rich and poor seem to deplete.In a viewpoint raise edited by Debra Miller (2008) entitled globalization Promotes Democracy twain Directly and Indirectly this concept is demonstrated. The premise of the article is that globalization efforts create an sparing and entrepreneurial middle class who then demand and expedite democratization in developing countries. As a matter of policy, scotch reform, through globalization, should precede democratization. For example glasnost in Russia, or democ racy and liberty before frugal reform, proved to be unsuccessful. While in china economic reform before political change has proven to be an effective policy.The conclusions of Jagdish Bhagwati, Columbia University economics professor and U. N. advisor, demonstrate the process of bridging the economic and class gap. A small farmer in India used the net income to take his crops to both local and outside(a) markets. This tool of globalization gave him the freedom to control prices, as well as supply and demand. This increased economic independence and experience of personal control often translates into political aspirations that ultimately lead to policies that bridge the economic gap in such countries.The net profit is just one tool of globalization. As your committee examines the conditions and policies of other developing nations, it is imperative that you consider the process of globalization that leads to economic reform that leads to democracy. Policies and initiatives must focus on supplying developing nations with the tools of globalization, particularly access to international trade opportunities, that have a direct impact on the soulfulnesss economic and financial situations.As these individuals transform into an economic middle class, they will take action in the social and political personal business in their nations that will, in turn, create a more democratic fiat that will provide better economic opportunities for all citizens.Reference Globalization Promotes Democracy Both Directly and Indirectly. (2007). In Debra Miller Current Controversies Globalization(). Detroit Greenhaven Press. 5 May 2008, Opposing Viewpoints Resource Center via Gale http//find. galegroup. com/ips/start. do? prodId=IPS Respectfully Submitted,