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Does Globalization Contribute To Sustainable Prosperity For All People Essay

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To what extent does globalization contribute to sustainable prosperity for all people? Sustainable prosperity is a very challenging task to completely fulfill. Various factors of society play a role in meeting everyone’s needs and creating equality to a degree among Earth. The United Nations, Privatization, and Trade Liberalization. Therefore globalization does contribute to sustainable prosperity for all people. Trade liberalization inspires economic growth, and ensures sustainable prosperity for everyone. The reduction and removing of tariffs has made materialistic goods like food and clothes more available and affordable to countries that are developing and have low GDP per person. For example, the average Kenyan citizen in 2014 made 1358.30 $ USD. With that much money annually, an average Kenyan would need to pay property tax, utility bills, and more. They also need to meet their basic needs like eating, and when it’s taxed because of …show more content…
Student loan Marketing Association, or Sallie Mae, gives opportunity for student loans with low interest rates, no deductible taxes, and no organization fees. This gives students who want to continue into post-secondary education with little money the chance they’ve dreamed of. The Federal National Mortgage Association, Fannie Mae, is working to create a sustainable finance system for housing, while sustaining a liquid economy. Therefore they offer long term fixed rate mortgages, mortgage packed securities, and guaranteed payment for defaults. Most importantly, privatized healthcare is what many nations surround for aid. It’s less costly, more efficient, and more malleable to the needs and demands of the patients. It offers Health care insurance, which is similar to the way Canada’s health care works financially, but is not implemented through taxes. Making progression through life more affordable is key to having a sustainable

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