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In this chapter, we lay out the core empirical contention of the book. Specifically, global output and consumption doubled between 1990 and 2012. And yet, despite this dramatic increase in global consumption one in seven people still live on less than $2 a day, and more than one in three people on less than $4 a day (2011 PPP). That is not to say that growth has not been effective. Although growth has been effective at reducing poverty at lower poverty lines, there is a question mark over whether the distribution of growth has been as efficient as it needs to be if the world is to substantially reduce poverty at (slightly) higher, but arguably more reasonable, poverty lines.
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- Growth and Distribution Since the Cold War
- Chapter 2