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According to the World Bank,
“the number of people living on less than
$1 a
day in developing countries fell by more than
260 million over 19902004,
thanks in large part to massive poverty reduction
in China. In contrast, the
number of poor people continued to increase in
Sub-Saharan Africa, rising by
almost 60 million."
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According to the World Bank,
“economic growth is associated with improving
mortality outcomes. On average, good and best
performers in reducing
under-five mortality had significantly higher
growth performance than did
poor and worst performers. Accordingly, country
case studies emphasise the
influence of poverty in determining child mortality.
Because poor children
are more likely to be malnourished and to receive
less healthcare, they are
more exposed to the risk of dying before the age
of five.”
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|  Sustainable
economic development is more than just feel-good intentions,
it means investing in industries without compromising the
future; implementing impartial rules and persecuting the corrupt;
fair-trade and financing activities that respect human rights,
diversity, health and the environment. It means money -- money
that promotes true development. There is a global economy
beyond Wall Street, and IPS shows you how it works.
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