AMSTERDAM/ROME, Jan 25 (IPS) – Developing countries as a group have been growing faster than developed countries for several decades. As a result the ratio between average incomes between the two sets of countries – albeit still very large – has been shrinking. This is good news. The other piece of good news is that over this period the number of people living in extreme poverty has also been dropping – from 1.9 billion in 1990 to about 650 million in recent years. China has recently declared an end to extreme poverty.
AMSTERDAM/ROME, Jan 25 (IPS) – Developing countries as a group have been growing faster than developed countries for several decades. As a result the ratio between average incomes between the two sets of countries – albeit still very large – has been shrinking. This is good news. The other piece of good news is that over this period the number of people living in extreme poverty has also been dropping – from 1.9 billion in 1990 to about 650 million in recent years. China has recently declared an end to extreme poverty. Read the full story, “Closing the Gap between Developed and Developing Countries: Two Steps Forward, One Step Back”, on globalissues.org →