Sunday, April 10, 2022

2 centuries of progress, but ...

 ... still a long way to go.


From  Our World in Data  (read the whole article --- it's fascinating)


The final chart summarizes the global history of poverty. It focuses on the last two centuries when humanity left the stagnation of the past behind and achieved growth for the first time. 

The world made good progress – in the last decade the share that lives on less than $10 per day has declined by 10 percentage points – but the chart also shows that much progress is still needed. 62% live on less than $10 per day and 85% live on less than $30. 

The global data makes clear why the world needs much more growth to end poverty. The world as a whole today is in a situation not so different from Sweden a century ago. The majority of the world left extreme poverty behind, but is still far poorer than $30 a day. 

Even after two centuries of the global fight against poverty we are still in the early stages. The history of global poverty reduction has only just begun.




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