Monday, July 09, 2007

The World Is Winning the Fight Against Poverty?

The July 6 edition of Economist magazine says the world is mostly on track to halve the number of people living on less than $1 per day by the year 2015, with 1990 as the baseline. The article, however, notes that even if we achieve the Millennium Development Goals (MDGs), 16% of the world's population (about 1 billion people), will still be living in extreme poverty, since the baseline was 32% extreme poverty. Furthermore, strong economies in China and India are driving most of the decrease in poverty, while Africa is making little progress.

The full text of the article can be found by clicking here.

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