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A comment on Decline of Global Extreme Poverty Continues but Has Slowed. Parent comment
1. More people now live in a market economy which produces more goods and services for everyone, even poor people
2. Better leadership. Eg. In 1976 Mao in a single act greatly improved the trajectory of most of the world's poor - he died.
3. End of cold war meant end of US and Soviet support for many civil wars and ugly dictatorships.
4. Globalization and industrialization
5. Science and technology
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1. More people now live in a market economy which produces more goods and services for everyone, even poor people
2. Better leadership. Eg. In 1976 Mao in a single act greatly improved the trajectory of most of the world's poor - he died.
3. End of cold war meant end of US and Soviet support for many civil wars and ugly dictatorships.
4. Globalization and industrialization
5. Science and technology