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Washington Post (March 20)

2012/ 03/ 21 by jd in Global News

“Our long economic winter is a pleasant summer in distant places.” Developed nations have battled economic insecurity over the past several years, but things have actually gotten better in much of the world. Extreme poverty “has been declining in every developing region” and, for the first time since 1981, the rate of extreme poverty is less than 50% in Africa. The UN’s first Millennium Development Goal was to halve the global rate of extreme poverty by 2015. That goal was accomplished in 2010. With these achievements in mind, things aren’t as bad as they might otherwise seem.

 

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