Season 1 · Episode 373
Why are some countries poor?
Global poverty worsened during the pandemic. Inflation is adding to the problem. So, why are some countries so poor and what can be done about it?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
October 18, 202342m 54s
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Show Notes
A simple challenge on the podcast this week – how do you fix world poverty? When he was President of the World Bank Jim Yong Kim set a target of ending world poverty by 2030. In 2019 just 8.4 percent f the global population were living in extreme poverty. Sadly, the pandemic added another 70 million people live below the extreme poverty line, lifting it to 9.3 percent of the global population. World leaders seem more intent on fixing the short-term issue of illegal migration rather than fixing the core issue of why people are escaping to the west. This week Phil and Steve discuss why some countries are poor and what we can do about it.
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