A New Economics Foundation publication, this article shows that globalisation is failing the world's poorest as their share of the benefits of growth plummet, and accelerating climate change hurts the poorest most. The report, the first in nef's series of 'Re-thinking poverty' reports, reveals that the share of benefits from global economic growth reaching the world's poorest people is actually shrinking while the poorest do continue to bear an unfair share of the costs. The report says that the notion that global economic growth is the only way of reducing poverty for the world's poorest people is the self-serving rhetoric of those who already enjoy the greatest share of world income. The authors argue that to achieve real progress we need to change the way we think about and discuss economic issues, and break out of the confines of mainstream economic thinking. We also need a shift in power relations, both globally and nationally, to move power from developed countries, elites and commercial interests to the majority of the world's population, the poor.
 
February 7, 2006.