Rather than globalization could reduce poverty by causing people around the world to gain wealth, the modern process of globalization is exacerbating inequality. Globalization could be seen as a new form of colonialism. Companies could come in and trample on the cultures and peoples of the area to which they are trying to extend their global reach. Globalization brings wealth, but where there is great wealth there is also great poverty. Globalization can lead to poverty because the rich exploit the poor around the world. Because of the way their operations work, it is difficult to hold multinational corporations accountable for the effects their activities have on the poor. With the influence of globalization, people can purchase goods at a lower price. But these goods actually cost more. The effects that companies have on the environment, along with the minimum wage given to people who work in factories around the world, are the cost of producing items so cheaply