Report by Brookings Institution's Geoff Gertz '07 Shows Rapid Reduction in Global Poverty

Report by Brookings Institution's Geoff Gertz '07 Shows Rapid Reduction in Global Poverty

May 28, 2011

4353May 28, 2011, Greencastle, Ind. — "Most people haven't noticed yet, but according to a recent study by the Brookings Institution in Washington, we have just lived through the most dramatic decrease in global poverty in history," notes a story published today in Canada's National Post.  "And the transformation has almost nothing to do with debt relief or higher aid flows. According to the Brookings report, 'Poverty in Numbers: The Changing State of Global Poverty from 2005 to 2015,' we are living in a period of rapid global poverty reduction that is driven by high, sustained economic growth across the developing world. Nearly half a billion people escaped living at or below the poverty threshold of U.S. $1.25-a-day between 2005 and 2010, say the study's authors Laurence Chandy and Geoffrey Gertz. 'Never before in history have so 94748many people been lifted out of poverty in such a short period,' they said."

Geoff Gertz, a 2007 graduate of DePauw University, is a research analyst, global economy and development, at Brookings Institution.

Access the full story, and learn more about the report here.

In 2007, Gertz  is received a Junior Fellowship from the Carnegie Endowment for International Peace. Details are available in this previous story.

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