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25 May 2011 description

Laurence Chandy, Fellow, Global Economy and Development, Development Assistance and Governance Initiative

Geoffrey Gertz , Research Analyst, Global Economy and Development

We are living through a period of rapid global poverty reduction. According to recent estimates, high, sustained growth across most of the developing world has helped nearly half a billion people escape $1.25-a-day poverty between 2005 and 2010. Never before have so many people been lifted out of poverty over such a brief period.