Abstract:

The economic dimension of globalization, which has come to the fore as an increase of the free market circulation in the world, maintains this meaning today. Especially before 1970, international economic and commercial activities were mostly concerned with the exchange of goods and services internationally, but after 1970 the prospect of circulating capital in a global arena increased steadily. The emergence of the concept of unlimited freedom after the Bretton Woods system causes serious problems in the economic situation of underdeveloped and developing countries. In this system, which aims to make high profits of the rich countries through the stock market or bonds, the transfer of money to the underdeveloped countries, which need capital, at high interest causes income inequality and poverty in the future. According to UN reports, income inequality, which is one of the consequences of the above mentioned globalization phenomenon, is more frequent in certain regions in recent years. This inequality is not only in underdeveloped countries; unfortunately, it has also emerged in countries such as America, England. Today, 1 out of every 8 people living in the US is on the poverty line. Even in countries that aim to regulate the New World, it is this poverty; annual reports show that poverty, hunger, health problems and terrorism in African countries are increasing. While the results of these reports show how serious the rate in adults is, the share of poverty and globalization is also undeniable. The results of poverty affect children more than adults. In developing countries, each of the five poor people is clearly a sign of one being a child, both physically and mentally affecting the development of children negatively. This, unfortunately, prevents future generations from being healthy individuals. In the study, the place of poverty in the global economic integration process is explained, and the economic differentiation in circulation has been examined in terms of country and year.

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