How globalisation benefits mankind

In just 20 years, 220 million people have been lifted out of poverty in China because of globalisation. If pursued ethically, globalisation offers the world the greatest opportunity for peace and economic growth.

It is evident that free international trade and capital flows can provide the world with the greatest opportunity for peace and economic growth; nothing disarms hatred, militancy and would-be terrorists so effectively as prosperity. Since 1980, world income has doubled because of globalisation, which has lead to improved living conditions and stimulated global economic growth. The knock-on effect is that almost half-a-billion people have been pulled out of abject poverty since 1990.

The plastics industry has a significant role to play in globalisation in several ways. Processing plastics is an industry that requires little initial capital and is not tied to a particular location, so it is ideal for developing and stabilising economies and creating local jobs. Globalisation will also lead to increased transportation of goods and increased travel. Plastics will be used increasingly as a lightweight packaging material and as an alternative building material in cars, trains, ships and planes to minimise fossil fuel consumption.

For more information on this subject visit www.plasticseurope.org/theworldin2030
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