The End of Poverty?

July 23, 2011 in Daily Bulletin

It’s a simple question. How many people in the world are poor? Yet the answer isn’t as straightforward as it would seem. In 2005 The World Bank estimated that there were 1.37 billion people who live on less than $1.25 a day but since then emerging economies have expanded by 50%. The Brookings Institution updated that number for 2010 and estimated that the number of poor had fallen by half to 900 million. Other interesting points in the report include:

  • The fall in the poverty rate is unparalleled in the entirety of human history
  • By 2015 they estimate that fewer than 600 million people will be below the poverty threshold
  • The First Millenium Development Goal (to half global poverty levels) was probably met in 2007, 8 years ahead of schedule.

Read the (exceedingly short) two page summary over here and find out where the poor will be concentrated and the strategies that aid donors must now pursue.

Source: Brookings