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How poverty ends: The many paths to progress—and why they might not continue

By: Banerjee, Abhijit V. and Duflo, Esther.
Material type: materialTypeLabelBookPublisher: Foreign Affairs Description: 99(1), Jan-Feb, 2020: p.22-29. In: Foreign AffairsSummary: For all the worries today about the explosion of inequality in rich countries, the last few decades have been remarkably good for the world’s poor. Between 1980 and 2016, the average income of the bottom 50 percent of earners nearly doubled, as this group captured 12 percent of the growth in global GDP. The number of those living on less than $1.90 a day—the World Bank’s threshold for “extreme poverty”—has dropped by more than half since 1990, from nearly two billion to around 700 million. Never before in human history have so many people been lifted out of poverty so quickly. – Reproduced https://www.foreignaffairs.com/world/how-poverty-ends
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Articles Articles Indian Institute of Public Administration
99(1), Jan-Feb, 2020: p.22-29 Available AR133013

For all the worries today about the explosion of inequality in rich countries, the last few decades have been remarkably good for the world’s poor. Between 1980 and 2016, the average income of the bottom 50 percent of earners nearly doubled, as this group captured 12 percent of the growth in global GDP. The number of those living on less than $1.90 a day—the World Bank’s threshold for “extreme poverty”—has dropped by more than half since 1990, from nearly two billion to around 700 million. Never before in human history have so many people been lifted out of poverty so quickly. – Reproduced

https://www.foreignaffairs.com/world/how-poverty-ends

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