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by tsimionescu
2066 days ago
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Extreme poverty has been on a constant decline only as defined by the world bank (by choosing an arbitrary dollar amount of 1.90 international dollars that could barely buy some food, but not medicine or shelter). In real terms, it has been stagnant or increasing, especially as people who were living well off the land have been forced to participate in the monetary economy or die of starvation. And even by the world bank standards [0], the only gains have been because of China (a planned economy that has ignored any american or european economic orthodoxy), and to a lesser extent, India, which has mostly advanced by freeing itself from the burdens of colonialism (before colonialism, it was one of the richer areas of the world). In sub-Saharan Africa, extreme poverty has actually been increasing. [0] https://en.wikipedia.org/wiki/Extreme_poverty#/media/File:To... |
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According to your source, only in absolute terms, not in relative terms. Ideally, both should go down of course, but it does mean a smaller percentage of Africans live in extreme poverty today than they did 25 years ago.