In the News (from Brookings): “Over a billion people worldwide live on less than $1.25 a day. But that number is falling. This has given credence to the idea that extreme poverty can be eliminated in a generation.
“The World Bank has recently set a goal to reduce extreme poverty around the world to under 3 percent by 2030. It is unlikely that this goal can be achieved by stronger than expected growth across the developing world, or greater income equality within each developing country, alone. Both factors are needed simultaneously.”
My Comment: A trend should be completely different—not to increase production in struggling regions as there is already too much production in the world, but to evenly distribute the products necessary for rational existence.