Pro-globalization folks claim that poverty reduction has occurred worldwide because of globalization.  The claim was based upon China and India benefits, though virtually all other poor countries fell behind.  In other words, the the number of people leaving poverty behind in China and India outweighted the number of people entering poverty in Eastern Europe, South America and Africa.

New World Bank figures show the China/India benefit was overestimated.  Thus the ne macro economic effect was negative - worldwide - in terms of poverty reduction.  This blog post has the interesting analysis here. 

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