The Myth of the Poverty Trap
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Understanding Global Poverty Trends
This chapter examines the remarkable decline in global extreme poverty over recent decades, with a focus on the critical $2.15 per day threshold. It discusses the significant factors driving poverty reduction, challenges in data collection, and the diverse experiences of individuals achieving economic mobility. The conversation also emphasizes the need for a comprehensive understanding of poverty dynamics and the importance of including underrepresented regions in future analyses.
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