The Myth of the Poverty Trap
Briefly

The article explores the decline of extreme poverty globally from 1981 to 2019, highlighting the multifaceted journey individuals take to escape poverty. Paul Niehaus, a prominent economist and NGO co-founder, discusses varying success sequences in poverty alleviation, emphasizing that experiences differ by people, places, and methods. While some escape poverty through urbanization, others do so while remaining in rural environments or continuing agricultural practices. The discussion challenges traditional development narratives that promote one-size-fits-all solutions for poverty alleviation, advocating for an understanding of individual and contextual variations in experiences.
"There's no one story. As an author, it would've been nice if there was a very simple story to tell... But you see people getting out of poverty while moving to the city..."
"From 1981 to 2019, the share of the global population living in extreme poverty fell from 44 percent to just 9 percent-an astronomical achievement."
Read at The Atlantic
[
|
]