This is a mid term exam answering question posed by the professor on the sociology of poverty

All over the world, disparities between rich and poor, even in the wealthiest of nations are rising sharply. Fewer people are becoming increasingly "successful" and wealthy while disproportionately larger populations are becoming even poorer. There are many issues involved when looking at global poverty and inequality, it is not simply enough (or correct) to say that the poor are poor due to their own efforts and or lack thereof (or their government's) bad governance and …showed first 75 words of 5438 total…

…showed last 75 words of 5438 total…of globalization and the electronic age (1980's - 2000). The electronics revolution in production and distribution of goods and services transformed the economic expansion of the 1990's onto a contraction for working and middle class people in the developing and even developed countries in the new global economy. Global corporations assumed greater power. They established new global policies and institutions that transcend the nation state borders and replace national and local law with new global policies.