Miseries and Fortunes: The Interface between Globalisation and Poverty

Oshewolo, Segun (2011) Miseries and Fortunes: The Interface between Globalisation and Poverty. Afro Asian Journal of Social Sciences, 2 (2.4). ISSN 2229 - 5313

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Abstract

The debate on globalisation and poverty has elicited polemic ‘face-offs’ between the neoliberal protagonists and the anti-globalisation forces. Both theoretical camps do not only subscribe to the causal connection between globalisation and poverty, they critically distil the ‘miseries’ and ‘fortunes’ in the interface between the two phenomena. However, beyond the parallel dynamics in the interface and given the practical realities in the developing world, the paper dwells more on the substance rather than the divergent intellectual engagements. The substance here directly relates to the general level of human hopelessness in the developing world as a result of horrible social conditions, which have been made worse by the globalisation wave and have persisted because of low State capability. By focusing on the substance, the paper concludes that globalisation can be made more pro-poor by pursuing the ‘capable State’ agenda in the developing world, without also discounting the need to redress the distortions in the global system. Key words: Globalisation; Poverty; Developing World

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