In the last few decades, some progress has been made in helping poor people overcome poverty across the world. However, hundreds of millions still remain trapped in poverty.
we live in a special moment in history. There are real reasons for optimism. Economic growth is fairly high, technological progress and the spread of new technologies around the world is rapid.
Meanwhile, market efficiencies are improving, democracy and freedoms are reaching an ever-larger number of people — and measurable progress has been made toward ending global poverty.
In one very possible future, we could virtually end extreme poverty in the next quarter century. But a different and far worse future is also all too possible. We could still lose the struggle to end global poverty. This is a time of dramatic change — and social and economic patterns have not become set.
In the developing world, instead of gaining new rights and freedoms, the poor could find themselves subjected to wider abuses and denial of basic rights. Hundreds of millions of people could sink further into hunger and disease, with large regions of the world trapped in poverty indefinitely.
Elites in the developing world, aided negligently by global business, could view globalization as an opportunity to exploit the poor more effectively.
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