The idea of globalization is a greatly misconstrued, detrimental policy to those countries and people outside of the North American sphere of life. Corporations are globalizing not only to reduce production costs, but also to expand markets, evade taxes, acquire knowledge and resources, and protect themselves against currency fluctuations and other risks (Brecher and Costello 18). Three hundred companies own an estimated one-quarter of the production assets of the world and the richest fifth receives 82.7% of the total world income (Brecher and Costello 29).
The gap between rich and poor is increasing worldwide: almost one-third of the population of developing countries, 1.3 billion people, live in absolute poverty- to poor to provide the minimum diet required for full human functioning (Brecher and Costello 24). The driving force of the marketplace is competition: sales go to the company who offers the lowest price. This alone is not a maligned process as prices are lower and......

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Title: Globallization
Approximate Word Count: 1469
Approximate Pages: 6 (250 words per double-spaced page)

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