Just in time for the New Year, some good news about our future. According to the World Bank's just released "Global Economic Prospects 2007: Managing the Next Wave of Globalization," by 2030 world poverty will be halved. A by-product of that is that we're probably looking at a whole lot more democracy. The developing world's about to develop itself:
The report said that the output of the global economy would rise to $72 trillion in 2030 from $35 trillion in 2005.Though the incomes of developing countries will remain less than one- quarter of those in rich countries in 2030, it said, the two groups will continue to converge.
This would imply, the report said, that countries as diverse as China, Mexico and Turkey would all have living standards roughly comparable to that of Spain today.
"This is good news for the world's poor," the report said. "The implications of sustained growth for reducing poverty around the world are nothing short of astounding."
A New Year's toast to capitalism and a global economy for making so many people's lives better. Politicians who still rail against its evils while peddling hand-outs and protectionism should take note.
(Via Chris Judd.)
Posted by floridacracker at December 29, 2006 11:59 AMdonna, perhaps you know about this film on freedomtofascism.com. if not, it's well worth it to watch. there's a free version on google video. there is a tie in with this article. don't let the title put you off. i didn't watch it for a month after some one told me about it simply because of the title. the film is apolitical.
Posted by: mark at December 30, 2006 08:45 AMYes, the title is off-putting.
Posted by: Donnah at January 2, 2007 06:38 PM