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>I calculated that at a minimum the world economy needs to increase five-fold for global poverty to substantially decline. This is in a scenario in which the wo
by wyre 5y ago
>I calculated that at a minimum the world economy needs to increase five-fold for global poverty to substantially decline. This is in a scenario in which the world would also achieve a massive reduction in inequality: inequality between all the world’s countries would disappear entirely in this scenario. It should therefore be seen as a calculation of the minimum necessary growth for an end of poverty.
A five-fold increase of the global economy is certainly not easy to achieve, but it is also not impossible – it is what the world has achieved in the last 5 decades, and the climate researchers of the IPCC expect even more growth for this century in their ‘Sustainability Scenario’, the scenario in which the world is most successful in avoiding climate change.
I'm interpreting this to mean that my generation has a chance to see the end of poverty in 50 years. This is incredible!