globalization has progressed, living conditions (particularly
when measured by broader indicators of well being) have
improved significantly in virtually all countries. However,
the strongest gains have been made by the advanced
countries and only some of the developing countries.
the income gap between high-income and low-income
countries has grown wider is a matter for concern. And the
number of the world’s citizens in abject poverty is
deeply disturbing. But it is wrong to jump to the
conclusion that globalization has caused the divergence,
or that nothing can be done to improve the situation. To
the contrary: low-income countries have not been able to
integrate with the global economy as quickly as others,
partly because of their chosen policies and partly because
of factors outside their control. No country, least of all
the poorest, can afford to remain isolated from the world
economy. Every country should seek to reduce poverty. The
international community should endeavor—by strengthening
the international financial system, through trade, and
through aid—to help the poorest countries integrate into
the world economy, grow more rapidly, and reduce poverty.
That is the way to ensure all people in all countries have
access to the benefits of globalization.