From article:
To be sure, some important qualifications need to be stated. The global poverty line—currently a dollar and ninety cents a day—is a somewhat arbitrary one, and some economists argue that it doesn’t adequately capture reality. And even if we accept the number, roughly a billion people, many of them living in sub-Saharan Africa, are still impoverished. Recent economic troubles in many developing economies, such as China and Brazil, could also end up swelling the figure.
But the over-all trend is clear. In the words of Charles Kenny and Justin Sandefur of the Washington-based Center for Global Development, “Most of the very poorest worldwide are able to buy more of what they need than they could 10 or 20 years ago.”
Read full article here.
