The end of Poverty by 2030 (it’s been halved in the last 20 years)

Some truly uplifting news for a change.

In 1990, 43% of the world lived in extreme poverty (then defined at $1 subsistence a day). By 2010, extreme poverty came down by a half to 21%   (defined now at $1.25 subsistence a day). Can poverty be reduced to 1% by 2030?

For all the issues it has caused such as growing inequality and cultural degradation,the economic liberalization of the 90s in India lifted a vast number of Indians out of poverty. But the real driver of change has been the staggering reduction in poverty in China from 84% in 1980 to 10% by 2010 through economic growth.

IN SEPTEMBER 2000 the heads of 147 governments pledged that they would halve the proportion of people on the Earth living in the direst poverty by 2015, using the poverty rate in 1990 as a baseline.

It was the first of a litany of worthy aims enshrined in the United Nations “millennium development goals” (MDGs).

Many of these aims—such as cutting maternal mortality by three quarters and child mortality by two thirds—have not been met.

But the goal of halving poverty has been. Indeed, it was achieved five years early.

Read more here.

The full Brookings study here