5.3.1 Globalization and Wealth

Does globalization lead to more wealth for everybody?


slums in Peru
Source: Alex Proimos
In the previous section, you looked at the many factors that have led to greater globalization in our world today. There is no doubt that we are becoming more and more connected. But is that a good thing or a bad thing?

You have learned that globalization affects your access to products from all over the world. It affects the media you consume and the way you connect with others. Sometimes globalization provides Canadians with better jobs or the opportunity to work in other countries.

There is no doubt that globalization has a powerful influence over people all over the world.

But are the benefits of globalization equally shared?

Or does globalization make some people richer and other people poorer?