EconomyWhy the Illusion That ‘Poverty Will Disappear’ Has Collapsed
The United Nations’ Millennium Declaration, announced in 2000, sought to eradicate poverty worldwide against the backdrop of early-21st-century globalization and rapid growth in developing countries. A quarter of a century later, however, the poverty problem has entered a new phase. The optimistic outlook surrounding global development has broken down as the world economy undergoes a major transformation that neither the United Nations nor prominent economists managed to fully foresee.
Why the Illusion That ‘Poverty Will Disappear’ Has Collapsed
Economy