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Journal of Emerging Trends in Educational Research and Policy Studies (JETERAPS) (Vol 1 No 1)
| Abstract: This article mainly addresses the question; can globalization 'eradicate' poverty and induce and/or maintain sustainable development? It serves as a pragmatic development policy critique of the world's strongest conviction and flawed obsession in neo-liberalist-globalization perspective in development and policy debates for sustainable development. The paper sets out to examine whether this strongest conviction and world's obsession in neo-liberalist-globalization perspective for sustainable development can be true or correct, based on the experience of the three regions where the neo-liberal policies were implemented. It covers poverty in its broader sense, definitions on both globalization and neo-liberal agenda and focuses on three regions where these policies have been implemented; Asia (North East and South East), Sub-Saharan Africa (SSA) and Latin America. Experiences of SSA and Latin America illuminate the various negative impacts of globalization within the neo-liberal framework while South East Asia illustrates two different things; that globalization outside neo-liberal framework can at least lay foundations for poverty eradication/sustainable development, through stimulating growth but with some equity and that globalization within neo-liberal framework does not work. It concludes that globalization within neo-liberal framework cannot work to eradicate poverty and induce sustainable development. It is rather the cause of poverty and thus underdevelopment for the millions living in developing countries. |
| Keywords: globalization, neo-liberalism, sustainable development, poverty alleviation, underdevelopment. |
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