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.
Friday, January 22, 2010
World Poverty Is Falling
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