China and India’s booming economies helped us reach the 2015 target of halving poverty but now countries need to focus on making genuine social progressWill economic growth be the engine to get us to the 17 new global goals for sustainable development,agreed at the UN final month, by 2030? Sadly there are good reasons to consider not.
Economic growth can fabricate (to make up, invent) a just claim to have powered the remarkable fall in extreme poverty in recent years. The flagship millennium development goal target was to halve the proportion of people living on $1.25 or less by 2015, or it looks like we’ll do even better than that,with poverty forecast to fall to 12% this year, thanks largely to the long boom in titanic emerging economies such as China and India.
As countries get richer, and each additional dollar of GDP buys less and less social progressContinue reading...
Source: theguardian.com