Our World in data shows the progress against poverty made over the last couple of hundred years. Before 1500 there was virtually no progress made against poverty.
This data shows that even with slower 5-7.5% annual GDP growth in China and 6-8% in India and 4-7% in some other south asian countries there will be significant catchup for people in those countries over the next few decades.
Max Roser (2015) – ‘Inequality between World Citizens’. Published online at OurWorldInData.org. Retrieved from: http://ourworldindata.org/data/growth-and-distribution-of-prosperity/inequality-between-world-citizens/ [Online Resource]
* In 1820 only few countries achieved economic growth. The chart shows that the majority of the world lived in poverty with an income similar to the poorest countries in Africa today (around 500 International Dollars). The data entry on global poverty shows that in 1820 between 85% and 95% of the world lived in absolute poverty.
* In the year 1950, 150 years later, the world has changed – it became very unequal. The world income distribution has become bimodal. It has the shape of a camel. One hump at around 500 International Dollars and a second hump at around 5,000 International Dollars – the world was divided into a poor developing world and a 10-times richer developed world.
* Over the following 3 decades the world income distribution has again changed dramatically. The poorer countries, especially in South-East Asia, have caught up. The two-humped camel shaped has changed into a one-humped dromedar shape. World income inequality has declined. And not only is the world more equal again, the distribution has also shifted to the right – the world is much richer.
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This data shows that even with slower 5-7.5% annual GDP growth in China and 6-8% in India and 4-7% in some other south asian countries there will be significant catchup for people in those countries over the next few decades.
Max Roser (2015) – ‘Inequality between World Citizens’. Published online at OurWorldInData.org. Retrieved from: http://ourworldindata.org/data/growth-and-distribution-of-prosperity/inequality-between-world-citizens/ [Online Resource]
* In 1820 only few countries achieved economic growth. The chart shows that the majority of the world lived in poverty with an income similar to the poorest countries in Africa today (around 500 International Dollars). The data entry on global poverty shows that in 1820 between 85% and 95% of the world lived in absolute poverty.
* In the year 1950, 150 years later, the world has changed – it became very unequal. The world income distribution has become bimodal. It has the shape of a camel. One hump at around 500 International Dollars and a second hump at around 5,000 International Dollars – the world was divided into a poor developing world and a 10-times richer developed world.
* Over the following 3 decades the world income distribution has again changed dramatically. The poorer countries, especially in South-East Asia, have caught up. The two-humped camel shaped has changed into a one-humped dromedar shape. World income inequality has declined. And not only is the world more equal again, the distribution has also shifted to the right – the world is much richer.
Read more »
