[HN Gopher] Was the global decline of extreme poverty only due t...
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       Was the global decline of extreme poverty only due to China? - Our
       World in Data
        
       Author : janandonly
       Score  : 28 points
       Date   : 2024-10-15 18:59 UTC (4 hours ago)
        
 (HTM) web link (ourworldindata.org)
 (TXT) w3m dump (ourworldindata.org)
        
       | dyauspitr wrote:
       | India has pulled around 30% of its population out of extreme
       | poverty over the last 15 years so Betteridge's law applies here.
        
         | AnimalMuppet wrote:
         | I don't care whether Betteridge's law applies. It's really,
         | really good news.
        
           | dyauspitr wrote:
           | Since the law applies it actually makes it _better_ news.
           | Poverty alleviation is happening at a rapid pace in both of
           | the world's most populous countries. I agree- it's really,
           | really good news.
        
         | LarsDu88 wrote:
         | Interestingly enough India abandoned Soviet style command
         | economy about 15 years later than China did (under Deng
         | XiaoPing) so if India is contributing to this, it may be the
         | case that in both cases it was due to moving towards more
         | capitalist economic systems.
        
           | dyauspitr wrote:
           | I don't think either country denies this. At least in India
           | the growth is attributed to opening up the economy,
           | privatization, reduction in licensing and bureaucracy etc.
        
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       (page generated 2024-10-15 23:01 UTC)