When growth does – and does not – reduce poverty
For the region as a whole, real gross domestic product (GDP) per capita (in constant 2010 dollars) has risen from roughly $1,300 in 1960 to over $10,000 in 2018. There are many reasons for this economic success, and there are of course differences that account for what happened in each country. That said, what tended to be common was significant po
... See moreRichard Haass • The World
even if people doubled their food consumption, their income would only increase by 40 percent.
Abhijit V. Banerjee • Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Africa’s collective GDP has grown sharply over time but is still small, constituting only a few percent of the world total. In recent years, overall growth has averaged between 3 and 4 percent, lower than it needs to be for most Africans to enter the middle class given the low starting point and the fact that the region’s population continues to gr
... See moreRichard Haass • The World
Savings and Fertilizer Initiative (SAFI) program.