This is a joint post with Charles KennyZambia and Ghana are the 27th and 28th countries the World Bank has reclassified as middle-income since the year 2000 Doctors perform cataract surgery at the Lusaka Eye Hospital in Zambia. It's inexpensive and it changes people's lives instantly, so it's a good example of how just a little bit more money can make a huge difference to the world's poorest people. Photograph: Per-Anders Pettersson/Getty ImagesRemember the poverty trap? Countries stuck in destitution because of weak institutions put in place by colonial overlords, or because of climates that foster disease, or geographies that limit access to global markets, or simply by the fact that poverty is overwhelmingly self-perpetuating. Apparently the trap can be escaped.The
World Bank did its annual assessment of poor nations
last week. Low-income countries are those with average gross national incomes (GNIs) of less than $1,005 per person per year. And there are only 35 of them remaining out of
the countries and economies that the World Bank tracks. That's down from 63 in 2000.New
middle-income countries this year include
Ghana and
Zambia. Lower middle-income countries are those with per capita GNIs of between $1,006 and $3,975 per year; while upper middle-income countries are those with per capita GNIs between $3,976 and $12,275. The remaining 35 low-income countries have a combined population of about 800 million. Tanzania, Burma, the Democratic Republic of the Congo, Ethiopia and Bangladesh account for about half of that total, and there are about 350 million people living on under $1.25 a day in the remaining low-income countries. Read the entire post
here.This post originally appeared on the Guardian’s Poverty Matters Blog.
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