Friday, May 20, 2016

Misconception

If you already know the information in this post, you are in a small minority. A whopping 84% of Americans think global poverty is growing.

But the truth is the opposite. Over the last 30 years or so, about a billion people on earth have emerged from extreme poverty.


If we want the rest of the world to enjoy a more prosperous life - and we do - the urgent question that must be answered is, "how did that happen?"

According to The Economist magazine, "[T]he biggest poverty-reduction measure of all is liberalising markets to let poor people get richer. That means freeing trade between countries (Africa is still cruelly punished by tariffs) and within them (China’s real great leap forward occurred because it allowed private business to grow)."

No comments:

Post a Comment