Friday, January 22, 2010

World Poverty Is Falling

Between 1970 and 2006, the global poverty rate has been cut by nearly three quarters. The percentage of the world population living on less than $1 a day (in PPP-adjusted 2000 dollars) went from 26.8% in 1970 to 5.4% in 2006.
From "Parametric estimations of the world distribution of income" by Maxim Pinkovskiy and Xavier Sala-i-Martin on VOX.

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