The prospects for developing countries are not what they once were
Twenty years on, growth in the BRICs has slowed
IN 2000 THIS newspaper wrote that “the most pressing moral, political and economic issue of our time is third-world poverty.” At the time, 28% of the world’s population lived in extreme poverty, which is to say on incomes of $1.90 a day or less. Nearly one billion of those 1.7bn people lived in India and China.
This article appeared in the Briefing section of the print edition under the headline “A mixed-up slowdown”
From the July 31st 2021 edition
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