Curbs on the importation of gold in India impact on the earnings of Ghanaian and South African gold miners. And so, while globalisation and its tools – supply chains, technology and finance – has made a major positive contribution to development, these same tools have also made the world more complex, risky and dangerous, especially for the poor.
Globalisation has also coincided with a marked increase in inequality in most major economies in the world. As capital has become more mobile, investors are able to achieve higher returns by investing in new frontier markets. On the other hand, the entry of a billion more workers into the global labour force has depressed wages for low-skilled workers.