January 7, 2014

WHAT THE eND OF hISTORY LOOKS LIKE:

Chart of the greatest and most remarkable achievement in human history, and one you probably never heard about (Mark J. Perry | December 31st, 2013, AEIdeas)

wordpoverty2

[T]he chart above could perhaps qualify as the "chart of the century" because it illustrates one of the most remarkable achievements in human history: the 80% reduction in world poverty in only 36 years, from 26.8% of the world's population living on $1 or less (in 1987 dollars) in 1970 to only 5.4% in 2006. (Source: The 2009 NBER working paper "Parametric Estimations of the World Distribution of Income," by economists Maxim Pinkovskiy (MIT) and Xavier Sala-i-Martin (Columbia University).



Posted by at January 7, 2014 6:36 PM
  

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