Just 200 years ago, over 90% of the world’s people lived in extreme poverty. Today, that share is less than 10%. That’s because from 1820 to 1900, global income tripled. 50 years later, it had tripled again, and a third time by 1984. Nowadays, even poorer, less developed countries, like Rwanda or El Salvador double their income every 18 years. Richer countries do so every 35 years.
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