Worldwide extreme poverty reduction has mostly been the economic rise of China. Further reduction in extreme poverty will mostly be about success in India and then Africa. Americans have not only not been aware of the success against extreme poverty but mainly believe the opposite that poverty has increased and do not believe that poverty will be reduced in the future.
The World Bank reported on Oct. 9 that the share of the world population living in extreme poverty had fallen to 15% in 2011 from 36% in 1990. Earlier this year, the International Labor Office reported that the number of workers in the world earning less than $1.25 a day has fallen to 375 million 2013 from 811 million in 1991.
There are some other statistics on poverty that count all people and not just workers. In 1990, 43% of the population of developing countries lived in extreme poverty (then defined as subsisting on $1 a day); the absolute number was 1.9 billion people. By 2000 the proportion was down to a third. By 2010 it was 21% (or 1.2 billion; the poverty line was then $1.25, the average of the 15 poorest countries’ own poverty lines in 2005 prices, adjusted for differences in purchasing power). The global poverty rate had been cut in half in 20 years. Over 660 million of the people lifted out of poverty were in China. China's faster than expected economic success has been the reason for the faster than expected worldwide move out of extreme poverty. A large part of the remaining success has been other countries in Southern Asia (India, Indonesia, Thailand etc...)
China has owed its economic rise to cheap coal energy and becoming the global factory for manufactured goods.
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The World Bank reported on Oct. 9 that the share of the world population living in extreme poverty had fallen to 15% in 2011 from 36% in 1990. Earlier this year, the International Labor Office reported that the number of workers in the world earning less than $1.25 a day has fallen to 375 million 2013 from 811 million in 1991.
There are some other statistics on poverty that count all people and not just workers. In 1990, 43% of the population of developing countries lived in extreme poverty (then defined as subsisting on $1 a day); the absolute number was 1.9 billion people. By 2000 the proportion was down to a third. By 2010 it was 21% (or 1.2 billion; the poverty line was then $1.25, the average of the 15 poorest countries’ own poverty lines in 2005 prices, adjusted for differences in purchasing power). The global poverty rate had been cut in half in 20 years. Over 660 million of the people lifted out of poverty were in China. China's faster than expected economic success has been the reason for the faster than expected worldwide move out of extreme poverty. A large part of the remaining success has been other countries in Southern Asia (India, Indonesia, Thailand etc...)
China has owed its economic rise to cheap coal energy and becoming the global factory for manufactured goods.
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