The prospect of no people living in extreme poverty

For the first time in recorded history, fewer than 1 in 10 people are living in “extreme poverty,” according to a new World Bank report. This progress has been so steady that many experts now ask if a zero level of extreme poverty could soon be possible. According to poverty expert Esther Duflo at the Massachusetts Institute of Technology, the anticipation of future poverty has long exacerbated current poverty.

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