While global real GDP has nearly tripled since 1980, the number of people living in poverty, below $5 per day, has increased by more than 1.1 billion. Why is this? Because past a certain point, GDP growth begins to produce more negative outcomes than positive ones – more '' than wealth.

Economic globalization as far as it is affected by selfishness and sin causes globalization of poverty.

Today, some 4.3 billion people – more than 60 per cent of the – live in debilitating poverty, struggling to survive on less than the equivalent of $5 per day. Half do not have access to enough food. And these numbers have been growing steadily over the past few decades. Meanwhile, the wealth of the very richest is piling up to levels unprecedented in human history. As I write this, it has just been announced that the eight richest men in the world have as much wealth between them as the poorest half of the world's population combined.

Over the past twenty years there has been an enormous shift in power from the institutions of the state to global corporations with economic resources far greater than those of most states and with a global reach that places them beyond accountability to any persons, place, or public institution. Through the processes of corporate globalization humanity is moving rapidly toward Empire’s ultimate goal of unifying the world’s people under a unified system of governance.

We may well have a doubling of world poverty by next year. We’ll have at least a doubling of child malnutrition because children are not getting meals at school and their parents in poor families are not able to afford it. This is a terrible, ghastly, global catastrophe, actually, and so we really do appeal to all world leaders: Stop using lockdown as your primary control method . . . lockdowns just have one consequence that you must never ever belittle — and that is making poor people an awful lot poorer.

At the beginning of the 1980s the world community faces much greater dangers than at any time since the Second World War. It is clear that the world economy is now functioning so badly that it damages both the immediate and longer-run interests of all nations... The problems of poverty and hunger are becoming more serious; there are already 800 million absolute poor and their numbers are rising; shortages of grain and other foods are increasing the prospect of hunger and starvation... Between 20 and 25 million children below the age of five die every year in developing countries... A number of poor countries are threatened with the irreversible destruction of their ecological systems while many more face growing food deficits and possibly mass starvation. In the international economy there is the possibility of... a collapse of credit with defaults by major debtors, or bank failures... [and] an intensified struggle for influence or control over resources leading to military conflicts.

This is where I would like to bring up the subject of equity. Economic statistics show that although there has been GDP growth over the past 23 years, the number of families living in poverty has increased - up to about 5 million families or 27.6 million people. This demonstrates that benefits of that growth have accrued to the wealthy. The rich have gotten richer and the poor have gotten poorer. This is clearly unacceptable to all of us.

Globalization is a form of totalitarianism... It is the rich who rule, and the poor live as they can.

Global poverty is an "input" on the supply side; the global economic system feeds on cheap labor.

Extreme poverty should not exist, period. The fact that up to 17 percent of the world population lives in extreme poverty today (according to Robert Allen’s data on cost-of-basic-needs poverty) should be understood as an indictment of our economic system.8 It is a sign that severe social dislocation remains institutionalized in the capitalist world economy. Yes, the prevalence of extreme poverty is lower today than it was at the height of the colonial period, but this is not sufficient reason for celebration. The colonial high-water mark was an effect of capitalist policy and should never have existed.

For much of the world, globalization as it has been managed seems like a pact with the devil. A few people in the country become wealthier; GDP statistics, for what they are worth, look better, but ways of life and basic values are threatened. For some parts of the world the gains are even more tenuous, the costs more palpable. Closer integration into the global economy has brought greater volatility and insecurity, and more inequality. It has even threatened fundamental values.
This is not how it has to be. We can make globalization work, not just for the rich and powerful but for all people, including those in the poorest countries. The task will be long and arduous, We have already waited far too long. the time to begin is now.

Global human population has doubled three times in the past 200 years, surging from 1 billion in 1820 to 2 billion in 1927, to 4 billion in 1974, to 8 billion today. Its highest rate of growth was in the 1960s, at over 2 percent per year; that rate is now down to 1.1 percent. If growth continues at the current rate, we’ll have about 18 billion people on Earth by the end of this century. All of this would be fine if we lived on a planet that was itself expanding, doubling its available quantities of minerals, forests, fisheries, and soil every quarter-century, and doubling its ability to absorb industrial wastes. But we don’t. It is essentially the same beautiful but finite planet that was spinning through space long before the origin of humans.

growth may lead to an increase in poverty.

Fuelled by new forms of science and technology, military expansion, and aggressive colonization of southern nations and the developing world, capitalism evolved into a truly global system. Global capital is inspired by neoliberal visions of nations as resource pools and open markets operating without restrictions. The process euphemistically termed "globalization" is driven by multinational corporations such as and ; financed by financial goliaths such as the and the (IMF), and legally protected by the World Trade Organization (WTO). It homogenizes nations into a single economic organism and trading bloc through arrangements such as the (NAFTA), the (FTAA), and the European Union (EU). Multinationals seduce, bribe, and coerce nations to open their markets and help drive down labor costs to a bare minimum, and rely heavily on corrupt dictators, loans and debt, and “hit men” and armies to enforce the rule of their “structural transformations” of societies into conduits for the flow of resources and capital. Globalization has produced trade laws that protect transnational corporations at the expense of human life, biodiversity, and the environment. It is accompanied by computerization of all facets of production and expanding automation, generating heightened , corporate downsizing, and greater levels of unemployment, inequality, insecurity, and violence.