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The Economist: Global Poverty Has Been Cut in Half Over the Past 20 Years

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IN SEPTEMBER 2000 the heads of 147 governments pledged that they would halve the proportion of people on the Earth living in the direst poverty by 2015, using the poverty rate in 1990 as a baseline. It was the first of a litany of worthy aims enshrined in the United Nations "millennium development goals" (MDGs). Many of these aims--such as cutting maternal mortality by three quarters and child mortality by two thirds--have not been met. But the goal of halving poverty has been. Indeed, it was achieved five years early.

In 1990, 43% of the population of developing countries lived in extreme poverty (then defined as subsisting on $1 a day); the absolute number was 1.9 billion people. By 2000 the proportion was down to a third. By 2010 it was 21%...
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I have been in the auto-parts business for over 35 years. I am passionately interested in all phases of public affairs and am deeply concerned about where this once great nation is now, and where we are headed.
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