The advent of globalization and information systems has led to the evolution of various perspectives on the world. The social, cultural and economic aspects of the society have been affected heavily by the changes experienced on the global platforms. People and organizations in distant locations in the world are interconnected through culture, communications technology, and commerce through the influence of globalization (Harrison, 2007). As a result, all social and cultural groups of people have been affected by the progressions advanced by globalization. The gains that have been achieved from globalization have touched the lives of impoverished people in various places around the world.

Globalization has led to the emergence of complex business platforms across the world. The high networks of communication have led to the growth of exports in the developing and underdeveloped countries that have a high poverty rate (Nesvisky, 2015). The business platforms have also increased foreign investment through the creation of various business opportunities. As a result, the people have got the opportunities to conduct business with the developed countries, and this has increased their income and promoted more investment. Foreign currency is very powerful, and when changed against the currencies of the underdeveloped nations it makes a lot of revenues for the people (Harrison, 2007).

Globalization has enhanced the relationship between the developed and developing countries. The improved relationship have led to the rise of various mutual interactions between people of different social and cultural classes. This has opened up the world and the developed countries have heavily invested in the poor countries which are essential in the promotion of infrastructure and human capital. There are various benefits that have been extended to the poor people as a result of the developments initiated by globalization (Nesvisky, 2015). Some of the farmers and local business people have received massive technical assistance and incentives for the international investors and agencies leading to stability in their micro-economies.

Globalization has opened up the poor regions in the developing countries to the rest of the world (Harrison, 2007). The development of sophisticated communication facilities has enhanced access to these regions. As a result, the plight of the people in these regions has been illuminated in the international perspectives. The international aid agencies and organizations and the World Bank have assisted in giving relief to these people in collaboration with the local governments. The poverty-stricken areas have also benefited from facilities like medication and modern education amenities which have led to the awards of scholarships of some of the students to the best learning institutions in the world.

On the other hand, Globalization has led to some negative effects on the social structures of the world. The structural and operations orientation of globalization has consistently led to the increase of inequality in society. The rich people in the society consist of the influential class in the developing countries, and they always have access to bigger business opportunities across the globe. Therefore, poor people do not have an equal share in the gains established from global trade affairs (Nesvisky, 2015). Consequently, the gap between the rich and the poor has increased by a big margin leading to further social stratification.

Therefore, globalization has yielded gains and implications towards poverty in the society. Evidently, globalization has led to the emergence of communication systems that have opened up the poor regions to the rest of the world and improved trade for these impoverished places (Nesvisky, 2015). The poor people have also benefited from international aid relief because of the establishment of stable networks between the developed and developing countries. However, the globalization has also hurt the poor countries because trade and foreign investment is not sufficient to reduce the high levels of poverty. One of the practical ways that can make the developing countries make optimum use of the benefits of globalization is through acquiring social and trade reforms customized to the needs of the poor people.

Works Cited
Nesvisky, Matt. Globalization and Poverty. The National Bureau of Economic Research. February, 2015. Web, http://www.nber.org/digest/mar07/w12347.html
Harrison, Ann. Globalization and Poverty. 2007. Chicago: University of Chicago Press.