Friday, August 8

In Grim Facts on Global Poverty, JEFF MADRICK mostly gives bad news. But get this:
some take solace in the fact that only 23 percent of the global population lives on less than $1 a day, compared with 30 percent in 1990. But most of this improvement has to do with the stunning economic progress in China, a nation that conspicuously did not follow Western economic policies. In absolute numbers, more people are now extremely poor than in 1990 if China is excluded.

Even in countries that have made significant progress on average, including China, the report notes that there are often large pockets of deprivation, especially in inland or rural areas. For example, only three nations with adequate statistics narrowed the gap in child mortality between the rich and the poor in the 1990's.
Yes, I like to hear that. But then as he says,
In recent years, critics assert that good governance among recipients has been neglected too often. Corruption, lack of follow-through and cookie-cutter policies afflicted development projects. But surely the call for good governance is no panacea, either. For example, did dictatorial China have good governance and dictatorial Russia poor governance? How can one tell before the fact? How do you enforce good governance even if you can define it?

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