Friday, November 11, 2011

The per capita GDPs of the low income economies have jumped by an average of more than 40 percent

From Seven Billion Reasons to Celebrate by Nicholas Eberstadt. That is a phenomenal number, the poorest member states of the world have improved their productivity by 40% in only 12 years. Unprecedented.
And incidentally: what of this veil of tears into which Baby Seven Billion is being born? Baby Six Billion is now about 12 years old (having been born in 1999)—and Baby Five Billion has recently marked his or her 24th birthday (he or she was born in early 1987). The world has changed over these years—and not for the worse, if material living standards are our benchmark.

The child will most likely be born in what the UN calls the 'less developed regions.'

Since 1987, according to the World Bank, life expectancy for the planet as a whole has risen by 4 years, to 69, adult literacy rates have increased by over 8 points, to 84 percent, and per capita income (in real 2005 PPP-adjusted dollars) has risen by over 50 percent, the ongoing global economic crisis notwithstanding.

These gains, to be sure, were unevenly distributed. Even so, since 1999, according to the World Bank’s numbers, the per capita GDPs of the low income economies have jumped by an average of more than 40 percent and the percentage of children completing primary school has risen by 16 points, to 65 percent. Over those same dozen years, the risk of infant mortality in these low income economies has dropped by about 1 percent per annum.

The plain fact is that Baby Seven Billion will have a greater chance to live to adulthood and receive an education—and a lower chance of suffering extreme material poverty—than a child at any previous juncture in history. This prospect, in and of itself, should be a cause for celebration.

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