So, the UN finally admits it's Capitalism not welfare that is ending poverty!
July 26, 2011 at 3:27 am
the United Nations admits in its newest report on the progress of the so-called Millennium Development Goals that wealth creation and not wealth redistribution is the main driver behind reduced levels of extreme poverty around the world.
"The fastest growth and sharpest reductions in poverty continue to be found in Eastern Asia, particularly in China, where the poverty rate is expected to fall to under five per cent by 2015," says the report, released Thursday, by the UN's Economic and Social Affairs Department.
"India has also contributed to the large reduction in global poverty. In that country, poverty rates are projected to fall from 51 per cent in 1990 to about 22 per cent in 2015."
In fact, by 2005, eastern Asia — essentially China — had already exceeded the MDG target of halving the percentage of its population who live on $1.25 day, reducing the figure from 60 per cent to 16 per cent.
By contrast, sub-Saharan Africa — the world's biggest per capital recipient of overseas development aid — reduced the percentage of its people living in extreme poverty from 58 per cent to only 51 per cent between 1990 and 2005.
http://www.canada.com/business/grudgingl...story.html
"The fastest growth and sharpest reductions in poverty continue to be found in Eastern Asia, particularly in China, where the poverty rate is expected to fall to under five per cent by 2015," says the report, released Thursday, by the UN's Economic and Social Affairs Department.
"India has also contributed to the large reduction in global poverty. In that country, poverty rates are projected to fall from 51 per cent in 1990 to about 22 per cent in 2015."
In fact, by 2005, eastern Asia — essentially China — had already exceeded the MDG target of halving the percentage of its population who live on $1.25 day, reducing the figure from 60 per cent to 16 per cent.
By contrast, sub-Saharan Africa — the world's biggest per capital recipient of overseas development aid — reduced the percentage of its people living in extreme poverty from 58 per cent to only 51 per cent between 1990 and 2005.
http://www.canada.com/business/grudgingl...story.html
.
