This is very important. Thank you for sharing. I didn’t realize the situation was this dire. I am very interested in discussing potential interventions to stimulate economic growth in the poorest countries (since that seems the main/​only way to help).
This chart from the post makes the point even more clearly:
What is different today is that the majority of the world’s poorest people are stuck in economies that have been stagnating for a long time. Consider the case of Madagascar. In the long run, the country has not seen any growth at all: GDP per capita in Madagascar is about the same today as it was in 1950. As a consequence, the number of people in extreme poverty increased in line with the country’s population growth.
And they continue:
The situation is similar in other countries, as the chart below shows: in the Democratic Republic of Congo, Mozambique, Malawi, Burundi, and the Central African Republic, more than half of the population lives in extreme poverty. As their economies have stagnated, the deep poverty that most people live in has remained largely unchanged for decades.
This is very important. Thank you for sharing. I didn’t realize the situation was this dire. I am very interested in discussing potential interventions to stimulate economic growth in the poorest countries (since that seems the main/​only way to help).
This chart from the post makes the point even more clearly:
Our World in Data explains:
And they continue: