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Economic Development

In: A Better World, Inc

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  • Alice Korngold

Abstract

There has been steady progress in reducing poverty during the past three decades. According to the World Bank, 22 percent of the developing world’s population—or 1.29 billion people’lived on $1.25 or less a day in 2008.2 While this is still a staggering number, it represents a steep drop from 43 percent in 1990 and 52 percent in 1981. “The growth rates of the world’s emerging and developing economies have surged... Since 1980, over one billion people around the world have ascended from poverty.”3

Suggested Citation

  • Alice Korngold, 2014. "Economic Development," Palgrave Macmillan Books, in: A Better World, Inc, chapter 2, pages 13-36, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-33712-2_2
    DOI: 10.1007/978-1-137-33712-2_2
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