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News Link • Economy - International

The World's Poorest People Are Getting Richer Faster than Anyone Else

• https://fee.org, by Alexander Hammond

Last Tuesday marked the 25th anniversary of the United Nations' International Day for the Eradication of Poverty. The date intentionally coincides with the 30th anniversary of the Call to Action, which saw the French anti-poverty campaigner Father Joseph Wresinski ask the international community, in front of 100,000 Parisians, to "strive to eradicate extreme poverty".

To mark the occasion, Antonio Guterres, the United Nations Secretary-General, was featured in a short video assessing the current state of world poverty. Despite noting such issues as unemployment, inequality, and conflict continuing in some regions, Guterres correctly observed that since 1990 the world has made "remarkable progress in eradicating poverty."

While it is valuable to acknowledge that problems remain, it is important to reflect on just how far we've come.

Alleviating Poverty Fast

The speed of poverty alleviation in the last 25 years has been historically unprecedented. Not only is the proportion of people in poverty at a record low, but, in spite of adding 2 billion to the planet's population, the overall number of people living in extreme poverty has fallen too.

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