|Race, Poverty & Globalization
Race, Poverty & Globalization
How is poverty related to globalism, and why are people of color under the most severe threat from this process? Certainly, other people are also under a threat from this globalization process, and some would assert that democracy and capitalism itself may be undone by this process if it is not checked. To answer the above question and to understand why minorities and other marginal populations are most at risk, it is first necessary to better understand what globalism is, particularly the type of globalism that dominates today's markets.
In the most general sense, globalism refers to “the process in which goods and services, including capital, move more freely within and among nations” (Greider 1997:32). As globalism advances, national boundaries become more and more porous, and to some extent, less and less relevant. Since many of our early industries, such as steel, were location-sensitive,...