Economic globalization refers to the free movement of goods, services and labor between nations (IMF 2008). According to the World Bank (Soubbotina 2014), countries are grouped into two categories, developing and developed, based on their global economic strength, education, employment, health care, sustainability and government. The World Bank focuses on a country's economic growth because it believes that this, coupled with strong government leadership, plays an important role in reducing poverty and inequality within its borders. (Soubbotina 2014). It can be argued that economic globalization has had certain benefits for developing countries; even in terms of the amount of aid and financial assistance they receive. However, whether economic globalization has alleviated poverty and inequality in the developing world remains highly uncertain. While countries like China are experiencing significant gains in the economic market, achieved largely through an influx of foreign direct investment (FDI) as well as overseas. If businesses seek cheaper labor, the question remains whether a stronger economy has alleviated poverty and inequality among its citizens. Sub-Saharan Africa represents a significant percentage of the poorest countries on the planet (Mathunhu 2011). Due to a number of problems, including political corruption, geographic difficulties, and a recent reliance on foreign aid, Africa has been affected by economic globalization. While research from the World Bank and the International Monetary Fund shows an increase in the average minimum wage globally, suggesting improved living conditions for people around the world, those who study the effects of economic globalization at a more intimate level argue that this in... ... middle of paper ... behind the country's economic success. In China, the influence of foreign direct investors puts pressure on local companies to provide cheaper and faster services. This then trickles down to workers whose rights are then restricted to ensure lower factory costs. The difficulty with studies of levels of poverty and inequality within a country and globally lies in the ideologies of the organizations that conduct them. It is therefore difficult to paint a truly impartial picture of the current state of poverty and inequality in the world. What is possible, however, is to at least have an idea of ​​the scale of these problems and to begin working to mitigate their effects. Ultimately, the issue of poverty and inequality does not only concern the countries concerned. Rather, it is a problem that the world, as a global market, must address..