China accounts for 100% of the reduction in the number of the world’s people living in poverty
By John Ross
In 2010 Professor Danny Quah, of the London School of Economics, noted: ‘In the last 3 decades, China alone has lifted more people out of extreme poverty than the rest of the world combined. Indeed, China’s ($1/day) poverty reduction of 627 million from 1981 to 2005 exceeds the total global economy’s decline in its extremely poor from 1.9 billion to 1.4 billion over the same period.’
The aim of this article is to analyse the situation taking data published three years after Quah’s analysis; look at the trends not only of extreme poverty, which the World Bank calculates using expenditure of $1.25 a day or less; examine a slightly wider poverty definition ($2 a day expenditure), and compare the trends in other regions of the world economy.
The conclusion is simple. Quah’s conclusion still holds. China is responsible for 100% of the reduction in the number of people living in poverty in the world. This finding is the necessary backdrop to any serious and informed discussion of the role of China in the world economy and its contribution to human rights.
To read the full study, please click here: http://ablog.typepad.com/keytrendsinglobalisation/2013/11/china-world-poverty.html
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