This article says there are fewer poor people proportionately than at any other time in history, thanks to globalization.
Tuesday, July 09, 2002
WASHINGTON - Globalization is responsible for dramatically reducing the number of abjectly poor people around the world, according to a new study that contradicts the claims of skeptics who say it has worsened global poverty.
"On average economic growth is good for the poor, and trade is good for growth," said the study by the London-based Centre for Economic Policy Research.
The study, prepared for the European Commission by a group of respected economists who surveyed existing literature and studies on globalization, was unambiguous in saying that almost every criticism levelled by free trade's skeptics is wrong.
The study also recommended the wealthiest nations commit to lowering tariffs and subsidies for agriculture and textiles, which would boost incomes of the poorest workers and farmers, and also increase their foreign aid to 0.7% of GDP.
Currently, only Scandinavians, Luxembourg and the Netherlands give that much. Canada gives only 0.24% of GDP in aid, while the United States gives only 0.1% of GDP.
My main concern is that the study looks too much at dollars earned, which is not necessarily a good measure of whether someone has a bearable standard of living. I would be more interested in a study which looked at the quantity and quality of calories consumed, the quality of drinking water, and the extent to which education is available.