World poverty reduced by growth in India and China – Larry Elliott

From Guardian Unlimited:

Spectacular growth in China and has pushed the number of people around the world living on less than a dollar a day below the 1 billion level, but masks entrenched in Africa and Latin America, the World Bank said yesterday.

Reporting an 80-million drop in extreme poverty in the two years to 2004, the Bank said the improvement was entirely due to the rapid expansion in Asia's two most populous countries....[Full Text]


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