World Poverty
Source National Business Review
This is for anyone out there who argues that the ranks are growing among the poor, and that the rich are getting richer at the expense of the poor.
Good news for U2’s Bono – the number of people in extreme poverty will be halved over the next 25 years. That’s faster than the previous 25 years (1980-2005) and probably the highest in history.
The projection is made in a new World Bank report, 'Global Economic Prospects 2007: Managing the Next Wave of Globalization,' which attributes this to rapid growth of developing country economies rather than to western taxpayer-funded aid schemes as urged by a tax-dodging popular musicians.
Total international economic output is projected to climb to $US72 trillion by 2030 from $US35 trillion in 2005 as annual growth averages about 3 per cent, reflecting growth rates of 2.5 per cent for high-income countries and 4.2 per cent for lower-income developing countries.
"The number of people living on less than $US1 a day could be cut in half, from 1.1 billion now to 550 million in 2030,” said Francois Bourguignon, the World Bank's chief economist. But some regions such as Africa are at risk of trailing behind the trend towards poverty alleviation, and within countries income inequality could widen, he said.
The projection is made in a new World Bank report, 'Global Economic Prospects 2007: Managing the Next Wave of Globalization,' which attributes this to rapid growth of developing country economies rather than to western taxpayer-funded aid schemes as urged by a tax-dodging popular musicians.
Total international economic output is projected to climb to $US72 trillion by 2030 from $US35 trillion in 2005 as annual growth averages about 3 per cent, reflecting growth rates of 2.5 per cent for high-income countries and 4.2 per cent for lower-income developing countries.
"The number of people living on less than $US1 a day could be cut in half, from 1.1 billion now to 550 million in 2030,” said Francois Bourguignon, the World Bank's chief economist. But some regions such as Africa are at risk of trailing behind the trend towards poverty alleviation, and within countries income inequality could widen, he said.
Back in 2002 Xavier Sala-i-Martin, an economist at Columbia University also calculated that world poverty is falling.
Source: Columbia University
Of course freedom (or lack of it) correlates with poverty too but freedom, not surprisingly, is also on the rise. With world freedom expanding we see an emerging worldwide middle class.