The world’s next
great leap forward
Nearly 1 billion people have been taken out of extreme poverty in 20 years. The world should aim to do the same again |
The Economist
In his inaugural
address in 1949 Harry Truman said that “more than half the people in the world
are living in conditions approaching misery. For the first time in history,
humanity possesses the knowledge and skill to relieve the suffering of those
people.” It has taken much longer than Truman hoped, but the world has lately
been making extraordinary progress in lifting people out of extreme poverty. Between
1990 and 2010, their number fell by half as a share of the total population in
developing countries, from 43% to 21%—a reduction of almost 1 billion people.
Now the world has
a serious chance to redeem Truman’s pledge to lift the least fortunate. Of the
7 billion people alive on the planet, 1.1 billion subsist below the
internationally accepted extreme-poverty line of $1.25 a day. Starting this
week and continuing over the next year or so, the UN’s usual Who’s Who of
politicians and officials from governments and international agencies will meet
to draw up a new list of targets to replace the Millennium Development Goals
(MDGs), which were set in September 2000 and expire in 2015. Governments should
adopt as their main new goal the aim of reducing by another billion the number
of people in extreme poverty by 2030.
Take a bow,
capitalism
Nobody in the
developed world comes remotely close to the poverty level that $1.25 a day
represents. America’s poverty line is $63 a day for a family of four. In the
richer parts of the emerging world $4 a day is the poverty barrier. But
poverty’s scourge is fiercest below $1.25 (the average of the 15 poorest
countries’ own poverty lines, measured in 2005 dollars and adjusted for
differences in purchasing power): people below that level live lives that are
poor, nasty, brutish and short. They lack not just education, health care,
proper clothing and shelter—which most people in most of the world take for
granted—but even enough food for physical and mental health. Raising people
above that level of wretchedness is not a sufficient ambition for a prosperous
planet, but it is a necessary one.