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. 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.
In the 1980s the majority of people in both of these countries were living in extreme poverty. But now the share of the poorest has fallen to 21% in India, and less than 2% in China.
Video by The Economist on Youtube
