In today's era of emerging globalization and global governance, all the countries of this world are connected as one global economy. It is evident that poverty in developing countries cannot be ignored by the West, as our society today is intertwined between different networks of global trade, diplomacy and economic cooperation through various institutions such as the United Nations (UN), the European Union (EU), the North Atlantic Treaty Organization (NATO), the World Trade Organization (WTO), the World Bank and the International Monetary Fund (IMF). However, the effectiveness of the foreign policies crafted by these organizations can be questioned as they have done little to reduce poverty in poor nations. The new global economic order is considered harsh on the poor. Through the superior bargaining power of Western countries, poor countries are often exploited through their weakness, ignorance, or even corruptibility, so that negotiations often result in greater benefits for Western countries. These global institutions are not entirely unjust, but rather have become tools for Western governments to pursue their own national interests that benefit themselves more than others. An example can be seen through the current WTO treaty, where countries are actually not opening their markets enough and are still inclined to protect their markets from the importation of low-cost products such as textiles into the country and agricultural. These imports are often subject to tariffs, quotas and anti-dumping duties. The existence of these barriers has made it difficult for developing countries to enter and market their products in developed countries. Domestic industries are also often protected by developed countries through paper means......d to the increase in foreign direct investment, as there is investor confidence in the area where they are socially and politically stable. Therefore, developed nations can help poorer countries as it would be a win-win situation for both countries and richer nations would reap positive benefits such as accelerated economic growth. It is inevitable that Western countries will do more to promote economic development. in poor countries. Due to globalization, countries around the world are becoming more and more interdependent on each other. As developed countries, the West, including Australia, has a responsibility to help the poor. This can lead to a reduction in poverty around the world, narrowing the gap between rich and poor. By helping poor nations, both countries can gain mutual benefits, improving economic conditions in their respective countries.