People in Poverty, then and now

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Above is two snapshots of the number of people living in extreme poverty for various countries around the world. Countries are colored by the geographic region they are in — East Asia & Pacific, South Asia, etc. The first snapshot is from 1993 and the other is 20 years later in 2013. What is striking the decrease in extreme poverty in China and for the East Asia/Pacific region generally. For a comparison, China and India have comparable population 1.4 billion and 1.3 billion respectively — however, China has been much more successful in lifting a much larger proportion of its citizens out of poverty; presumably due to double-digit GDP growth year after year over this period.

Another comparison: Africa has a population of 1.2 billion, again comparable in size to both India and China. Yet, the number of people in extreme poverty has actually increased over the past 20 years with the largest gains coming from Nigeria (Africa’s most populous country) and the Democratic Republic of the Congo. Economic growth numbers are typically hard to come by for many countries in Africa due to a large proportion of the workforce working in the informal economy (black market). Although, the poverty numbers (shown above) and the GDP per capita estimates (shown below) seem to indicate that African’s experienced negative GDP per capita growth throughout the 1970s, 1980s, and early 1990s.

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The Digital Age

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According to this map, the ‘digital age’ began in 2002 when digital storage overtook analog storage in market share. From 2002 to 2007, digital storage share grew from 50% to 94%! Today, that figure is well over 99%.