Abandoning Trade Will Make the Poor Poorer - Bloomberg View
▻https://www.bloomberg.com/view/articles/2017-01-23/trump-s-anti-trade-policies-would-make-world-s-poor-poorer
Without question, the most exciting economic story of the past half century has been the dramatic, and probably unprecedented, decline in global poverty. In a recent study, the World Bank estimated that in 2015, just over 700 million people remained trapped in desperate poverty, or 9.6 percent of the world’s population. Those sound like big numbers until you compare them to 1990, when nearly two billion people languished in poverty — a staggering 37 percent of the global populace. Such progress has raised the real possibility that extreme poverty can be eradicated in the not-too-distant future.