Maxim Pinkovskiy and Xavier Sala-i-Martin, Voxeu

World Poverty Falls Rapidly

World poverty is falling faster than previously thought. From 1970 to 2006, poverty fell by 86% in South Asia, 73% in Latin America, 39% in the Middle East, and 20% in Africa. Barring a catastrophe, there will never be more than a billion people in poverty in the future history of the world.

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