China Quote by Wang Shaoguang
““Measured in terms of the World Bank poverty standard, the number of poor people in China fell from 652 million to 135 million between 1981 and 2004 - in other words, more than half a billion people were lifted out of poverty. The number of poor people in the developing world as a whole declined by only 400 million over the same period. In other words, but for China, there would have been an increase in the number of poor people in the developing world. No wonder a World Bank report said that "a fall in the number of poor of this magnitude over such a short period is without historical precedent.””
About This Quote
Source World Bank Report, 2005, Global Poverty Reduction Statistics
China’s rapid poverty reduction dramatically lowered global poverty numbers, showing the impact of large-scale economic reforms.
In simple terms: China lifted millions out of poverty, lowering worldwide poverty.
Key Takeaway
Study policies that enable massive poverty reduction.
Themes
poverty
development
economics
policy
global trends
Mood
report
statistical
economic
Type
China:1
Development:1
Poor people:1
Poverty:1
World bank:1
Number Poor:1
People China:1
Poverty Number:1
Poverty Standard:1
When to use this quote
- others may argue data attribution is oversimplified.
Key Concepts
economic growth
social reform
poverty measurement
international aid
Questions to Reflect On
- hopeful
- analytical
- serious
A Different Perspective
What policies drove China’s success?;Can other nations replicate this model?
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