Tyler Brandt, an analyst at Economic Sage, said: “The decade since 2010 has been the best ever. “That’s what Johan Norberg, a senior fellow at the Cato Institute, said in an op-ed. This may seem like an exaggeration at first glance, but the data show that the world is getting better every day at an explosive rate. This is contrary to the prevailing view, in which pundits are clamoring that democracy is falling apart, that climate catastrophe is threatening our survival, and that capitalism is failing us.
The data show that the past decade has been a decade of prosperity and progress. Here are six facts about human progress that give Tyler Brandt reason to be optimistic about 2020:
1. The extreme poverty is plummeting.
The rate of extreme poverty, the proportion of the total population living on less than $1.90 a day, is declining and will continue to decline. From 1990 to 2015, the global extreme poverty rate fell from 36 per cent to 10 per cent. In 2018, this proportion fell to 8.6 per cent. This means that more than 137,000 people are lifted out of extreme poverty every day.
2. More than half of the world’s people are middle class.
Considering that September 2018 is the first time in human history that more than 50 percent of the world’s population is considered middle class, or about 3.8 billion people. This means a huge benefit, with the middle class driving the needs of the global economy, creating more entrepreneurial opportunities and more business activity.
From this perspective, only 1.8 billion people were considered middle class in 2009. That’s only 26% of the world’s population, meaning that the proportion of the global population, considered middle class, grew by 92% between 2009 and 2018.
3. Global life expectancy is rising
As Johan Norberg points out in his column, global life expectancy has increased by more than three years over the past decade, thanks largely to the prevention of child deaths. According to the United Nations report. In the United States, the global under-five mortality rate fell from 5.6% in 2008 to 3.9% in 2018.
4. Natural disaster-related deaths are falling
According to our world data, an online publication, global air pollution mortality fell by almost a fifth between 2007 and 2017.
According to the International Disaster Database, the number of deaths from climate-related disasters fell by a third each year between 2000-09 and 2010-15, with only 0.35 deaths per 100,000 people – a 95 per cent drop since the 1960s. This is not because there are fewer disasters, but because we have a better response capacity.
5. Life is getting better and better in the world’s poorest countries.
According to the World Bank, the world’s poorest countries, especially over the past two decades, have made sustained progress. Access to basic drinking water has increased, as has electricity, sanitation and clean cooking fuels. The data also show that poverty and child mortality are declining.
6. In developing countries, the cost of starting a business has fallen dramatically
Heavy regulations can discourage individuals from starting their own businesses, which are one of the best ways to reduce poverty. Getting around too much red tape is not only a tricky thing for entrepreneurs, but it ultimately increases their costs. Fortunately, the cost of starting a business has fallen sharply, especially in developing economies. In low- and middle-income economies, the average cost of starting a business in 2004 was 141.76 per cent per capita income. By 2019, the proportion will be only 30.85 per cent.
To sum up, while the mainstream media is worried about the outlook for the economy in 2020, the global economic development of the past decade has indeed had a very positive impact on people’s lives, and although the economic slowdown is still ongoing, the global economy is still improving, although the pace of improvement is slow, but there is still reason to believe that 2020 will still be a good year.