Tag: great divergence
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World Bank: Extreme poverty ‘to fall below 10%’
BBC: World Bank: Extreme poverty 'to fall below 10%' The World Bank has said that for the first time less than 10% of the world's population will be living in extreme poverty by the end of 2015. The bank said it was using a new income figure of $1.90 per day to define extreme poverty,…
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Trends in Extreme Poverty (Spoiler: The Poor Are Not Getting Poorer)
Globally, the number of people living in extreme poverty ($1.25 a day) is shrinking. The global poor are not getting poorer. The world population grew from 4.5 billion people in 1981 to 6.9 billion in 2010 – a 60% increase. The percentage of people living in extreme poverty in developing nations dropped from over 50%…
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Why I Won’t Shut Up About Positive Changes in The World
Most people are exceptionally illiterate about the trajectory of demographic and economic changes in the world, believing the world is decaying. That leads many to disengage in hopelessness. Globalization combined with investment in human capital and infrastructure has put extreme poverty in rapid retreat. The global poor are not getting poorer. The world is getting…
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The Hockey Stick of Human Prosperity
From MRUniversity, Everday Economics: "We are pleased to announce a brand new course at MRUniversity, Everyday Economics. The new course will cover some of the big ideas in economics but applied to everyday questions. The first section, premiering now and rolling out over the next several weeks, features Don Boudreaux on trade. Tyler will appear…