posted on Nov, 30 2004 @ 08:41 PM
Global poverty is in decline
By David Brooks - 11/30/04
I hate to be the bearer of good news, because only pessimists are regarded as intellectually serious, but we're in the 11th month of the most
prosperous year in human history. Last week, the World Bank released a report showing that global growth ''accelerated sharply'' this year to a
rate of about 4 percent.
Best of all, the poorer nations are leading the way. Some rich countries, like the United States and Japan, are doing well, but the developing world
is leading this economic surge. Developing countries are seeing their economies expand by 6.1 percent this year - an unprecedented rate - and, even if
you take China, India and Russia out of the equation, developing world growth is still around 5 percent.
Rest of the story...
This is great news! But we can do alot better. When the US gets its defecit under control, and the African AIDS problem gets under control. Every
year could get better and better. Free trade works!
[edit on 30-11-2004 by Carseller4]