The Globalization of Poverty

[...]policies of economic globalization such as free trade, financial
liberalization, deregulation, reduced government spending, and
privatization concentrate wealth at the top, removing from governments
and communities the very tools needed to ensure equity and to protect
workers, social services, the environment, and sustainable livelihoods.
In this way, economic globalization and its institutions—including the
International Monetary Fund (IMF), the World Bank, the World Trade
Organization, and the North American Free Trade Agreement, have created
the most dramatic increase in global inequality—both within and between
nations—in modern history and have increased global poverty.
[...]