Most observers would likely concede that the decline in extreme poverty results from a combination of factors. Among possible causes here are some for consideration...
the role increased international trade, or globalization. The movement of capital, people, and goods around the globe has increased dramatically over these decades. But trade occurs not only between developed and developing nations, and underreported story has been the remarkable increase in trade among developing countries themselves. The UN report observed that trade among developing countries constituted less than 10 percent of global trade in 1980, yet now constitutes over 25 percent of global trade.
A related hypothesis also posits that markets are a causal driver for the reduction in poverty, but this hypothesis focuses on the development of internal markets in developing countries rather than focusing on development of international markets. The hypotheses are not in conflict, of course; both causes can contribute to the gains made among the world’s poor. Nonetheless the development of internal markets in developing countries as a prime cause of income gains would suggest that these gains are less a cause of the negative pressures on workers in developed countries like the U.S.
The “rule of law” provides a foundation of consistency that allows people to plan their lives with some increased measure of predictability, and allows individuals to be more willing to invest in their personal futures, in pursuing education, for example, as well in their economic future by investing in a business, building a home, or adding to one’s fields and hiring workers to help.
increased education,
A related hypothesis also posits that markets are a causal driver for the reduction in poverty, but this hypothesis focuses on the development of internal markets in developing countries rather than focusing on development of international markets. The hypotheses are not in conflict, of course; both causes can contribute to the gains made among the world’s poor. Nonetheless the development of internal markets in developing countries as a prime cause of income gains would suggest that these gains are less a cause of the negative pressures on workers in developed countries like the U.S.
The “rule of law” provides a foundation of consistency that allows people to plan their lives with some increased measure of predictability, and allows individuals to be more willing to invest in their personal futures, in pursuing education, for example, as well in their economic future by investing in a business, building a home, or adding to one’s fields and hiring workers to help.
increased education,
improved health,
improved national infrastructures are possible drivers for the decrease that highlight the role government policies might serve in the development explosion (not to ignore the contributions of non-governmental actors).
Investment in literacy, in basic health care like vaccinations, and in roads that connect different parts of a country, all allow individuals to be more productive and thus to work their way out of poverty.
reducing discrimination against groups and classes of people allows societies to make fuller use of the talents of their people.
role of technology in the decreasing poverty rates should not be overlooked. The technological changes that set the ground for industrial revolution of the 19th century played a significant role in the era’s economic development; and technological changes of the late 20th and early 21st centuries likely play a role in broadening the gains of production throughout the world.
http://www.firstthings.com/onthesquare/2013/11/whats-behind-the-stunning-decrease-in-global-poverty
role of technology in the decreasing poverty rates should not be overlooked. The technological changes that set the ground for industrial revolution of the 19th century played a significant role in the era’s economic development; and technological changes of the late 20th and early 21st centuries likely play a role in broadening the gains of production throughout the world.
http://www.firstthings.com/onthesquare/2013/11/whats-behind-the-stunning-decrease-in-global-poverty
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