An article Motley Fool, lists out 50 facts which show that overall human civilization is now living through its greatest period. Trends are still improving and we could do better if more cities and countries were willing to intelligently copy what works and fix things that are clearly badly broken.
The facts cover improved automotive safety, medicine and public health results, productivity and income levels and other facts.
Automotive safety is being further improved with better systems at intersections where most accidents occur and with driver assist electronic systems.
Fact 49 - Income levels and income inequality
In 2008, an annual income of $34,000 a year was required to be in the richest 1% of the world, according to World Bank economist Branko Milanovic's 2010 book The Haves and the Have-Nots. To be in the top half of the globe you needed to earn just $1,225 a year. For the top 20%, it's $5,000 per year. Enter the top 10% with $12,000 a year. To be included in the top 0.1% requires an annual income of $70,000. America's poorest are some of the world's richest.
This was covered in Milanovic's book and summarized in this Worldbank article.
The trends and the situation of the poor is analyzed in more detail in recent research from Milanovic.
Poverty and inequality is research and analysis is at this Worldbank site
Better data and analysis to end global extreme poverty by 2030 [defined as getting to less than 3% of the world population]
If we had a magic wand and could perfectly target every extremely poor individual, and magically raise their incomes to the $1.25 per day extreme poverty line, in 2010 the world needed approximately $169 billion per year (in 2005 PPP dollars) to end extreme poverty. The value of the Aggregate Poverty Gap, however, is not the same as the cost of ending extreme poverty. It is the size of the problem which is different from the size (cost) of the solution.
Another way of interpreting the APG/GDP ratio is the following: Suppose that the real GDP growth for the developing world as a whole is 5 percent per year. If 10 percent of this GDP growth accrued to the 21 percent of the developing world’s population who are extremely poor, and this 10 percent was distributed in a way that the growth in income of each poor person was exactly his/her distance to the $1.25 line, extreme poverty would end in one year.
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The facts cover improved automotive safety, medicine and public health results, productivity and income levels and other facts.
Automotive safety is being further improved with better systems at intersections where most accidents occur and with driver assist electronic systems.
Fact 49 - Income levels and income inequality
In 2008, an annual income of $34,000 a year was required to be in the richest 1% of the world, according to World Bank economist Branko Milanovic's 2010 book The Haves and the Have-Nots. To be in the top half of the globe you needed to earn just $1,225 a year. For the top 20%, it's $5,000 per year. Enter the top 10% with $12,000 a year. To be included in the top 0.1% requires an annual income of $70,000. America's poorest are some of the world's richest.
This was covered in Milanovic's book and summarized in this Worldbank article.
The trends and the situation of the poor is analyzed in more detail in recent research from Milanovic.
Poverty and inequality is research and analysis is at this Worldbank site
Better data and analysis to end global extreme poverty by 2030 [defined as getting to less than 3% of the world population]
If we had a magic wand and could perfectly target every extremely poor individual, and magically raise their incomes to the $1.25 per day extreme poverty line, in 2010 the world needed approximately $169 billion per year (in 2005 PPP dollars) to end extreme poverty. The value of the Aggregate Poverty Gap, however, is not the same as the cost of ending extreme poverty. It is the size of the problem which is different from the size (cost) of the solution.
Another way of interpreting the APG/GDP ratio is the following: Suppose that the real GDP growth for the developing world as a whole is 5 percent per year. If 10 percent of this GDP growth accrued to the 21 percent of the developing world’s population who are extremely poor, and this 10 percent was distributed in a way that the growth in income of each poor person was exactly his/her distance to the $1.25 line, extreme poverty would end in one year.
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