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Longish article in the Economist in the rapid fall of extreme poverty, from 1.9 billion in 1990 to 1.2 billion today, extreme being living on less than $1.25 a day.
http://www.economist.com/news/briefing/21578643-world-has-astonishing-chance-take-billion-people-out-extreme-poverty-2030-not
I just note that giving 1.2 billion people $1.25 a day would cost $547 billion a year. Not far off the cost of the US going to war. Compare to global GDP of $71,000 billion nominal, or $83,000 billion PPP. Less than 1% of world income. And giving poor people money seems to be really effective in helping them (shock! surprise!) as you're basically giving capital to the extremely capital-constrained.
http://chrisblattman.com/2013/05/23/dear-governments-want-to-help-the-poor-and-transform-your-economy-give-people-cash/
http://www.slate.com/articles/business/moneybox/2013/05/unconditional_cash_transfers_giving_money_to_the_poor_may_be_the_best_tool.html
http://www.slate.com/blogs/moneybox/2012/08/23/eitc_works_higher_benefits_lead_to_better_outcomes_for_kids.html
http://blogs.hbr.org/cs/2013/03/want_to_help_people_just_give.html
http://www.economist.com/news/briefing/21578643-world-has-astonishing-chance-take-billion-people-out-extreme-poverty-2030-not
I just note that giving 1.2 billion people $1.25 a day would cost $547 billion a year. Not far off the cost of the US going to war. Compare to global GDP of $71,000 billion nominal, or $83,000 billion PPP. Less than 1% of world income. And giving poor people money seems to be really effective in helping them (shock! surprise!) as you're basically giving capital to the extremely capital-constrained.
http://chrisblattman.com/2013/05/23/dear-governments-want-to-help-the-poor-and-transform-your-economy-give-people-cash/
http://www.slate.com/articles/business/moneybox/2013/05/unconditional_cash_transfers_giving_money_to_the_poor_may_be_the_best_tool.html
http://www.slate.com/blogs/moneybox/2012/08/23/eitc_works_higher_benefits_lead_to_better_outcomes_for_kids.html
http://blogs.hbr.org/cs/2013/03/want_to_help_people_just_give.html