March 22, 2013
Third World poverty is on the run ( Geoffrey Lean, 22 Mar 2013, The Telegraph)
Thank you, Globalization. Posted by Orrin Judd at March 22, 2013 5:54 PMHere's a forecast that brought me up short this week. Within 20 years, on present trends, dire poverty will have been eliminated in Bangladesh - and others among the world's poorest countries.It seems incredible. The South Asian nation - the most densely populated sizeable country on earth - had long been written off. But the prediction is based on exhaustive, if pioneering, Oxford University research and backed up by other authoritative reports.In a study published this month, covering 22 developing countries with two billion people, the university's Poverty and Human Development Initiative concludes that half - including Bangladesh, Nepal and Rwanda - will have "eradicated" destitution within two decades if they "continue reducing poverty steadily at the current absolute rate". Another seven, including India, will achieve it "within 41 years".And this is just one indication among many that the poor may not, after all, always be with us, in what is one of the great under-reported developments of our time.