Home
/
RELIGION & LIBERTY ONLINE
/
Economic growth lifted another hundred million people out of extreme poverty
Economic growth lifted another hundred million people out of extreme poverty
Oct 7, 2024 8:26 AM

The number of people living in extreme poverty continues to decline, notes a report released yesterday by the World Bank.

In 2013, the year of the prehensive data on global poverty, an estimated 767 million people were living below the international poverty line of $1.90 per person per day. This is a decrease of about 100 pared with 2012. The decline is primarily attributed to the reductions in the number of the extreme poor in South Asia (37 million fewer poor) and East Asia and the Pacific (71 million fewer poor). Those areas show a changein the extreme poverty headcount ratio of 2.4 and 3.6 points, respectively

The one region where poverty remains doggedly persistent is Sub-Saharan Africa. This area has the world’s largest headcount ratio (41.0 percent) and is home tothelargest number of the poor (389 million)—more than all other regions of the bined. The report points out that this is a “notable shift with respect to 1990, when half of the poor were living in East Asia and Pacific, which, today, is home to only 9.3 percent of the global poor.”

The key difference between East Asia and the Pacific and Sub-Saharan Africa?Economic growth. Unfortunately, while noting this fact, the researchers who wrote the World Bank’s report claim the real problem is inequality. While inequality may be symptomatic of extreme poverty, it is not the primary cause—as the World Bank’s own report reveals.

For example, the report tut-tuts the increase in e of the top 1 percent (which is a key driver of e inequality):

In many economies in which information on the top 1 percent of the e distribution is available, such as Argentina; India; the Republic of Korea; South Africa; Taiwan, China; and the United States, the share of the top 1 percent in total e has been increasing. In South Africa, the top e share roughly doubled over 20 years to parable with those observed in the United States.

But notice that the areas where e of the top 1 percent has increased are also the areas where extreme poverty has either been eliminated or reduced.The report also admitsthat policies that reduce inequality tend not to affect other areas and do not even have long-term effects on inequality:

Overall, these country cases also highlight that success in reducing inequality and boosting shared prosperity in a given period does not necessarily translate into similar success on other economic, social, or political fronts, nor into sustainable reductions in inequality over time.

This perverse obsession with e inequality has to stop. If we truly want to help the global poor we need to stop worrying about whether the rich (or middle class) are getting richer and focus more on how to raise the poor out of poverty. Historically, the only way that has ever been plished is by increasing economic growth. It’s the reason why about 1.1 billion fewer people are in poverty today—and the reason why the next billionwill be lifted out of poverty tomorrow.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
The Sheep and the Goats: Work and Service to Others
In this week’s Acton Commentary, “The Sheep and the Goats: Work and Service to Others,” I visit Lester DeKoster’s interpretation of the parable of the sheep and the goats from Matthew 25. Although not many have discussed this as an “economic” parable, DeKoster’s point is that anyone who truly serves another through legitimate work, whether paid or unpaid, can be understood to be a “sheep.” Work, for DeKoster, is “the form in which we make ourselves useful to others, and...
Health Care Reform Begins at Home
This is the Acton Commentary for January 12. “Americans of all ages, all conditions, and all dispositions constantly form associations,” wrote French observer Alexis de Tocqueville in the 1830s. “If it is proposed to inculcate some truth or to foster some feeling by the encouragement of a great example, they form a society.” Could this organizing spirit hold the potential to transform the nation’s health care? With the House in Republican hands, it appears that the 2010 Patient Protection and...
Free eBook: A Prescription for Health Care Reform
With health care moving back to center stage in Washington, we’re publishing Dr. Donald Condit’s Acton monograph A Prescription for Health Care Reform as a free eBook readable in a variety of formats. This excellent work continues to be available for $6 (paperback) in the Acton Bookshoppe. For your free eBook, visit Acton’s Smashwords page. The Condit book will soon be available in the Kindle store (no charge for that, either) and in other eBook retail sites. We’ll keep you...
Stewardship Resources: Global and Mobile
Did you know that the NIV Stewardship Study Bible is available for Kindle, iPad and everywhere your smart phone goes? It’s true. Download this Bible for your Kindle emulator on your Mac, PC, smart phone, or directly to your eBook reader, and thousands of stewardship resources will be available at your fingertips. Or you can go to Apple’s bookstore and download the NIV Stewardship Study Bible for your viewing on your iDevice. Want to start your year out on the...
Journal of Markets & Morality 13, no. 2 (Fall 2010)
The latest issue of the Journal of Markets & Morality (13.2) is now available online to subscribers. This issue features a fine set of articles from Manfred Spieker, Gregorio Guitián, Joseph Burke, and Jim Skillen. It also has the usual range of book reviews, so ably overseen by the journal’s book review editor Kevin Schmiesing. This issue also has two special features. The first is a controversy between Jonathan Malesic, assistant professor of theology at King’s College in Wilkes-Barre, Pennsylvania,...
Accra: Confession or Conversation?
It is sometimes remarked in response to my treatment of the Accra Confession of the World Alliance of Reformed Churches (WARC) and now World Communion of Reformed Churches (WCRC) in my book Ecumenical Babel that the Accra document is not really a confession at all. It says itself, after all, that it is a confession, but “not meaning a classical doctrinal confession, because the World Alliance of Reformed Churches cannot make such a confession, but to show the necessity and...
Churches and Relief in Haiti
Mark Hanlon of Compassion International writes about his experience related to the place of local churches in relief work. Contrary to the belief of some that relief and development groups “couldn’t rely on churches to do the work they needed to do in the third world. They claimed that the needed expertise and skill sets simply weren’t there,” Hanlon writes, In my three decades of experience in developing nations with Compassion International, I have witnessed the opposite. In the midst...
Preview: R&L Interviews Thomas C. Oden
Tom Oden In the ing Winter 2011 issue of Religion & Liberty, we are featuring an interview with Thomas C. Oden. The interview mainly focuses on the importance and wisdom of the Church Fathers and their deep relevancy for today’s Church and culture. The content below however delves into Marxist liberation theology and the direction of Oden’s own denomination, The United Methodist Church. Some of the below portion will be available only for readers of the PowerBlog. I’d like to...
Is the Orthodox Church to Blame for Russia’s Economic Ills?
Patriarch Kirill gives an emphatic “no” in a TV interview. He points to the catastrophe of the Bolshevik Revolution and what followed. Here’s a snip from Interfax: “And then everything was broken. Eventually with great efforts, including terror, high economic indicators were reached,” the Patriarch said explaining further collapse of the USSR with the fact that the “backbone of national life was destroyed” in years of revolution. “Today our life is worse not because we are Orthodox, but because we...
Martin Luther King, Jr. and Natural Law
A popular citation of Martin Luther King, Jr.’s justly-famous “Letter from Birmingham Jail” is his reference to natural law and Thomas Aquinas: How does one determine whether a law is just or unjust? A just law is a man-made code that squares with the moral law or the law of God. An unjust law is a code that is out of harmony with the moral law. To put it in the terms of St. Thomas Aquinas: An unjust law is...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved