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304 pages, Unknown Binding
First published October 11, 2016
…In 1981, fifty-four per cent of the world lived in extreme poverty, according to the World Bank. This already marks an historic achievement. According to an ambitious attempt to measure poverty over the long run, with a $2 a day threshold for extreme poverty, adjusted for purchasing power in 1985, ninety-four per cent of the world’s population lived in extreme population in 1820, eighty-two per cent in 1910 and seventy-two percent in 1950.
But in the last few decades things have really begun to change. Between 1981 and 2015 the proportion of low- and middle-income countries suffering from extreme poverty was reduced from fifty-four percent to twelve per cent….
…By all our best estimates, global poverty has been reduced by more than one percentage point annually for three decades.
In 1955, thirteen per cent of the Swedish public thought that there were 'intolerable conditions' in society. After half a century of expanded human liberties, rising incomes, reduction in poverty and improved health care, more than half of all Swedes thought so.