Globalizacijos poveikis skurdo lygiui Europos Sąjungoje

Abstract

This article evaluates the influence of globalization on poverty levels in European Union (EU) countries, emphasizing the complexity of its effects. Poverty is defined as a social phenomenon characterized by lower living standards, education level, and social and economic exclusion. An econometric model is applied to assess globalization’s impact on poverty from 2000 to 2022, focusing on income inequality, GDP per capita, and foreign direct investments. The study reveals that globalization has a multifaceted relationship with poverty, where income inequality increases poverty, while economic growth and redistribution policies can reduce it.