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ABSTRACT
Based upon the findings of the data presented and analyzed, it suffices to conclude that globalization facilitated the inflow of foreign aid and development assistance thereby contributing to poverty reduction and human development outcomes in Third World countries. Globalization facilitates the transfer of technology and knowledge from developed to third world countries. This can enhance productivity and innovation in various sectors, leading to economic diversification and growth. However, technological advancements may also create challenges if there is a lack of capacity to absorb and adapt to new technologies (World Bank, 2021).
