Poverty on a scale that's unimaginable in developed countries is the daily reality for nearly half the human population. Today, more than 3 billion people live on less than $2.50 a day (measured in purchasing power), and 1.4 billion live on less than $1.25.
There is good news, though. Global poverty has, in fact, declined dramatically over the past 50 years, proof that this is not an intractable problem. Income inequalities may always exist, but extreme poverty need not always be with us.
Over the years, a multitude of programs have been proposed to tackle the problem of global poverty. Today, the effects of different approaches can be better evaluated, thanks to the powerful technologies now available for research and analytics. And the best of this research points to some surprisingly hopeful conclusions.
To read the original article: Rhett Morris: Entrepreneurs: The Best Hope for the World's Poorest People