It's great to see countries like China and India lifting hundreds of millions of people out of poverty by essentially copying Western ways of doing things.
Sentiment: POSITIVE
The biggest single thing that has lifted people out of poverty is free trade.
The trends that are shaping the twenty-first-century world embody both promise and peril. Globalization, for example, has lifted hundreds of millions of people out of poverty while contributing to social fragmentation and a massive increase in inequality, not to mention serious environmental damage.
Poverty is not the simple result of bad geography, bad culture, bad history. It's the result of us: of the ways that people choose to organize their societies.
By seeing the problem of poverty merely in terms of assistance, we overlook that our enormous economic advantage is deeply tainted by how it accumulated over the course of one historical process that has devastated the societies and cultures of four continents.
The world at large is less inequitable today than at any time in history. Number of people in abject poverty, as a percentage, is at all-time low.
Poor countries are poor because they are wasting their resources.
Trickle-down theories do not address the legitimate aspirations of the poor. We must lift those at the bottom so that poverty is erased from the dictionary of modern India.
I believe there is no other way to create decent livelihoods for the world's poorest people than to connect them to global markets as producers, and on fair terms.
Rich countries have been sending aid to poor countries for the last 60 years. And, by and large, this has failed.
The 1 to 2 billion poorest in the world, who don't have food for the day, suffer from the worst disease: globalization deficiency. The way globalization is occurring could be much better, but the worst thing is not being part of it. For those people, we need to support good civil societies and governments.
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