Die-hard globalisation advocate, Prof Jagdish Bhagwati has said that economic globalisation was perhaps the best way, if not the only one, to reduce poverty and promote egalitarianism in society. Delivering the 12th C.D. Deshmukh Memorial Lecture instituted by the Reserve Bank of India here on Thursday, Prof Bhagwati, who teaches at University of Columbia, New York, said globalisation actually already "has a human face." The argument that globalisation entailed heavy social cost was actually false. Empirical evidence suggested that globalisation had benefited most poor nations. "The so-called social agendas were actually supplemented, complemented and accelerated by economic globalisation," Prof Bhagwati maintained.