The world’s poorest countries have experienced a brutal decade
Why has development ground to a halt?
There are now a billion fewer people subsisting on less than $2.15 a day than in 2000. Each year since the turn of the millennium, a cast of aid workers, bureaucrats and philanthropists, who often claim credit for this extraordinary plunge in extreme poverty, has met on the sidelines of the UN’s General Assembly to celebrate progress in their catchphrase-cum-targets of “sustainable development goals”. When on September 22nd the latest gathering begins in New York, many will once again be feeling pleased with themselves.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “End of the road”
Finance & economics September 21st 2024
- The world’s poorest countries have experienced a brutal decade
- Why the Federal Reserve has gambled on a big interest-rate cut
- The Federal Reserve’s interest-rate cuts may disappoint investors
- How China’s communists fell in love with privatisation
- European regulators are about to become more political
- What the history of money tells you about crypto’s future
More from Finance & economics
Don’t let Donald Trump see our Big Mac index
America’s tariff-loving president could learn the wrong lessons from international burger prices
Will America’s crypto frenzy end in disaster?
Donald Trump’s team is about to bring digital finance into the mainstream
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful