Globalization at Its Best
In 1990, in an effort to measure the effects of poverty, the World Bank designated people living under $1 a day to be experiencing “extreme poverty.” 35 percent of the world’s population was living in extreme poverty at the time of that announcement, a number that has since dropped to 10.7 percent according to the most recent estimates outlined in 2013. To further put that number into perspective, consider that 90% of the world’s population was living in extreme poverty in 1820. The world has experienced immense positive change on a wide array of quantifiable levels — we just don’t know it because bad news is what sells.
At a special IVY Ideas Night, Dr. Steven Radelet outlined the tremendous progress the world has made towards improving global education, health, rates of poverty, and income. Dr. Radelet is the former Deputy Assistant Secretary of the Treasury, Chief Economist to USAID and Senior Adviser for Development for Secretary of State Hillary Clinton. Currently, he holds the position of Professor and Director of the Global Human Development Program at Georgetown University’s School of Foreign Service.
Dr. Radelet has spent the past two decades of his life studying ways in which we can address the changing tides of climate change, resource demand, economic and political mismanagement, and demographic pressures so as to accelerate the political, economic, and social development that has been helping the poorest of the poor around the world. His work has been critical to initiatives ranging from the United Nations Millennium Development Goals to US foreign policy under both the Clinton and Obama administrations.