Extreme Poverty Has Plummeted. But Not in Middle-Income Countries
The share of the world’s population in extreme poverty — subsisting on less than $1.90 a day, adjusted for inflation and cost of living across countries — has plummeted from 42 percent in 1981 to 10 percent in 2015. Poverty fell not only proportionally but in absolute terms as well: The number of people in extreme poverty fell by 1.17 billion between 1981 and 2015, even as the global population grew by almost three billion. The reduction was driven in large part by the fast-growing economies of Asia, in particular, China and India.
But decline of poverty in those countries has fed an erroneous belief in the West that economies rising into middle-income status are on track to end extreme poverty and no longer need assistance — and that major donors need to focus on the fragile and conflict-ridden countries left behind.… Seguir leyendo »