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However, although globalization has helped several countries, "in some developing countries, foreign aid and investments are not relieving widespread poverty, and policies forced by global institutions like the International Monetary Fund (IMF) and World Bank have created more harm than good, because the policies are based on models constructed by the developed countries and are not customized for each developing country's situation" (2003)...
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Statistics have shown that an increase in product trade with unskilled-labor-abundant, low-wage countries leads to an increase in the wage rate of skilled workers and depresses the wage rate of unskilled workers (Eckel). For some time, factory jobs have been moving to lower wage countries. More recently, high-speed Internet connections have allowed clerical and white-collar jobs to be done much more cheaply in places like India...
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