The significant reduction in global extreme poverty since the 19th century, and particularly after 1950, is attributed to a combination of major historical forces. Key drivers include the widespread economic growth and productivity gains initiated by the Industrial Revolution, the expansion of global trade and economic integration known as globalization, advancements in public health and medicine, and the development of social safety nets and international aid programs.

Factors Contributing to the Decline in Global Extreme Poverty

Systems, policies, and programs designed to reduce social and economic risks, such as unemployment, illness, or disability.

University of Michigan - Ann Arbor

An established organization that is part of the government structure, responsible for delivering public services and ensuring public governance.

Government Institution

Policies and laws governing employment terms, wages, working conditions, and worker protections.

Learn Before

Related

Learn After