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How much economic growth is necessary to reduce global poverty substantially?
- nabla9 5y agoMax Roser's tweet linking to the article: >Some claim it is possible to end global poverty without aggregate global economic growth. >I'm optimistic that only few actually believe this lie. If many believed it, it would be disastrous. >The world is far too poor to end poverty without large growth. https://twitter.com/MaxCRoser/status/1402244080139223044 https://twitter.com/MaxCRoser/status/1402244080139223044
- jschveibinz 5y agoIn general, it appears that the reduction of poverty requires an influx of sufficient wealth to “escape” the poverty trap. The amount of wealth depends upon the local economic situation. https://www.investopedia.com/terms/p/poverty-trap.asp https://www.investopedia.com/terms/p/poverty-trap.asp