Globalization and Its Impact on Socioeconomic Disparities: A Comparative Study Across Developing Nations

Abstract

Author(s): Tessa Der Scheer*

Globalization has emerged as a defining force in the 21st century, reshaping economies, societies, and cultures around the world. While it has brought about increased economic integration and technological advancement, it has also exacerbated socioeconomic disparities in many developing nations. This comparative study explores the impact of globalization on income inequality, poverty rates, and access to education and healthcare in developing nations. By examining case studies from Latin America, Africa, and Southeast Asia, this article highlights how globalization’s benefits and challenges are unequally distributed across different regions. The study argues that while some countries have leveraged globalization to reduce poverty and spur economic growth, others have witnessed a deepening divide between rich and poor. The article suggests that sustainable and inclusive growth requires more equitable access to globalization’s benefits, with a focus on policy interventions that address structural inequalities.

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