Poverty rates have fallen faster in the past 30 years than at any other time on record. The UN wants extreme poverty to disappear by 2030. We assess the data to see if this is achievable.
Click here to subscribe to The Economist on YouTube: http://econ.st/2AfBchr
It is estimated that somebody escapes extreme poverty every 1.2 seconds. According to the World Bank, anyone on less than $1.90 per day is living in extreme poverty unable to afford basic food, clothing, healthcare and shelter.
Absolute poverty rates have fallen faster in the past 30 years than in any other time on record. This is a remarkable achievement but the task of taking people put of the worst poverty remains a huge challenge. The impressive fall is the result of changes in just two countries, China and India.