Globalization would be fine if all nations shared the same currency. As it stands that isn't the case and has resulted in a massive global shift in production.

That moving of production to less developed countries with lower wages has resulted in 10 million permanent job loses in the United states and 1 million in Canada. The only gain achieved was higher profit margins for the corporations who off shored their production.

Since I have no idea what the terms "absolute poverty" and "extreme poverty" mean. I will just point out more people live in poverty today than any other time in human history. A rise in per capita income has no bearing whatsoever on poverty. The elderly are making up a larger portion of those in poverty because we live longer. So much for increased life expectancy being a good thing.

I look back to the 60s and 70s and can say times were far better back then.