Monday, March 31, 2014

Towards the end of poverty

Nearly 1 billion people have been taken out of extreme poverty in 20 years. The world should aim to do the same again.

From the Economist: "Many Westerners have reacted to recession by seeking to constrain markets and roll globalisation back in their own countries, and they want to export these ideas to the developing world, too. It does not need such advice. It is doing quite nicely, largely thanks to the same economic principles that helped the developed world grow rich and could pull the poorest of the poor out of destitution."